Bitcoin News Today: As Crypto Crumbles, Zcash's Privacy Edge Drives 19% Surge

Zcash (ZEC) has defied the broader crypto market's recent turmoil, surging 19% amid a $20 billion industry-wide crash triggered by U.S.-China tariff tensions. While Bitcoin and Ethereum plummeted, ZEC's price has rallied to test the $300 psychological level, fueled by bullish technical indicators and renewed interest in privacy-focused assets.

Key on-chain data highlights ZEC's strong accumulation phase. Coinglass' liquidation heatmap reveals a dense capital cluster at $300.56, a zone where leveraged positions are likely to trigger further buying activity. The Moving Average Convergence Divergence (MACD) crossover on the daily chart reinforces this bullish setup, with the MACD line remaining above the signal line-a widely recognized sign of upward momentum. ZEC's Relative Strength Index (RSI) has also climbed to overbought territory (80), suggesting short-term volatility but not necessarily a reversal Why ZEC Price Could Break Above $300 Soon - BeInCrypto^[1].

ZEC's resilience is attributed to its privacy-centric utility and strategic positioning amid geopolitical uncertainty. The renewed U.S.-China trade war and Trump-era tariffs have intensified demand for politically neutral, privacy-preserving cryptocurrencies. Additionally, Grayscale's Zcash Trust (ZCSH) has amplified institutional interest, with analysts projecting a potential ZEC ETF filing. Roger Ver's $48 million DOJ settlement, which addressed tax evasion allegations, further bolstered sentiment around privacy coins .

Despite the bullish case, ZEC faces critical support and resistance thresholds. Traders must watch the $270 level, as a breakdown could trigger a pullback toward $235 or $195. Conversely, breaking above $300 would target the four-year high of $305, with the falling wedge pattern on the 3-day chart suggesting potential upside to $320 Why ZEC Price Could Break Above $300 Soon - BeInCrypto^[1]. However, the overbought RSI and high short-interest ($4.01 million in recent liquidations) indicate caution for aggressive long positions .

ZEC's outperformance contrasts with the broader market's $19 billion liquidation event, driven by Trump's 100% China tariff announcement. While Bitcoin and Ethereum fell 10–15%, ZEC's shielded transaction model and Grayscale's endorsement positioned it as a hedge against regulatory and geopolitical risks. Analysts note that ZEC's shielded address usage has increased, reinforcing its role as a privacy-first alternative to Bitcoin .

Short-term traders should monitor the $270–$300 range, with a focus on volume and order flow to confirm a breakout. Long-term holders may view the current consolidation as a buying opportunity, particularly if the Fed's upcoming rate decision and ETF approvals for altcoins like XRP and Solana provide macroeconomic clarity.