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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
09/16/2026

Zcash Climbs 130% on ETF Launch as Traders Await Fed Rate Hike

What happened: Bitcoin hovered just below $76,000 as traders braced for the first Federal Reserve rate hike since July 2023, with a 92.

Zcash Climbs 130% on ETF Launch as Traders Await Fed Rate Hike

What happened: Bitcoin hovered just below $76,000 as traders braced for the first Federal Reserve rate hike since July 2023, with a 92.5% probability of a 25 basis point increase. Zcash (ZEC) surged over 6% on the day to above $1,200, up 130% over 30 days, driven by the August launch of the Grayscale Zcash Trust ETF on NYSE Arca. In contrast, XRP fell over 7% to $1.29, while ETH and SOL each dropped around 3%.

Why it matters: The Zcash rally illustrates how new ETF products can catalyze sharp price moves in niche crypto assets, especially those with a privacy focus. Meanwhile, broader market caution reflects concerns about tighter U.S. monetary policy and persistent inflation, with risk assets under pressure as investors reassess exposure ahead of the Fed’s decision.

Source: CoinDesk