ZEC Surges After Iran Ceasefire, Crypto Market Shows Signs of Recovery
Autor: Mining Provider Editorial Staff
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Kategorie: News
Zusammenfassung: ZCash (ZEC) has surged above $320 following a ceasefire in Iran and increased risk appetite, marking over 21% growth in 24 hours despite ongoing skepticism. The rally is driven by short liquidations but may face challenges as the crypto market remains volatile.
ZEC Recovers After Ceasefire Agreement with Iran as Crypto Trading Becomes Riskier
According to a report by Cryptopolitan, ZCash (ZEC) has shown a significant recovery, rising above $320, making it one of the biggest gainers of the day. This surge was driven by the liquidation of short positions and the announcement of a ceasefire in Iran, pushing the coin's price to a one-month high.
The positive response from ZEC came as risk appetite increased, with Bitcoin (BTC) also recovering to around $72,000. ZEC reached a peak of over $240 during the recent rally, marking a more than 21% increase in the last 24 hours. Additionally, trading volume surged to nearly $800 million, the highest in a month.
"ZEC has shown that the crypto market is ready for a turnaround despite months of pessimistic sentiment," the report states.
Open interest in derivative markets rose by 26% over the last day, with most activity concentrated on Binance. However, the open interest in ZEC remains at $386 million, still below the levels seen at the end of 2025. Compared to the record surge in November 2025, ZEC is experiencing only a limited breakout this time.
Despite the recent rally, skepticism surrounds ZEC, as the anticipated surge promoted by influencers at the end of 2025 led to some major investors selling portions of their holdings. Nevertheless, ZEC maintains an active community and potential for short-term price increases, holding a market share of 0.5%, which is a 25% increase within the last day.
However, the current rally may be attributed to a short squeeze, and based on the existing short positions, ZEC could continue its liquidations around the $330 mark. The last day saw short liquidations worth $2.85 million, which may prompt some traders to close their positions.
The recent price increase of ZEC has positively impacted other privacy coins, with Monero (XMR) gaining an additional 3% to over $337. Smaller privacy coins also recorded price gains, fueled by the overall recovery of the crypto market.
Growth of ZCash Protection Continues
Despite a slowdown in influencer campaigns, ZCash protection continues to grow steadily. There are no signs of a rollback or sales, and the total supply of protected ZCash has reached a record high of over 5.17 million. The ZCash mining rate is also near an all-time high and remains unaffected by market fluctuations.
However, the current rally could be thwarted, and ZEC may revert to its downward trend. One of the arguments for ZEC has been its use in Solana DeFi, but the growth of Solana-based DeFi has slowed down, increasing user skepticism.
In conclusion, ZEC must prove itself as a high-risk investment and avoid the fate of most altcoin and token projects. The topic of privacy remains central in the crypto space, even without the short-term hype.
"The smartest minds in the crypto scene are already reading our newsletter," the report encourages.
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