Bitcoin News Today: Zcash's Privacy Edge Ignites Bullish Rebound as Governments Crack Down

Zcash (CRYPTO: ZEC) has surged 223% in October, climbing from $74 to $240 as it broke a three-year downtrend and reignited investor interest in its "encrypted Bitcoin" narrative. The price action reflects renewed momentum after years of consolidation between $30 and $60, with traders highlighting key technical developments. On the weekly chart, ZEC closed above the upper Bollinger Band with a strong green candle, signaling expanded volatility and sustained buying pressure. The cryptocurrency has also reclaimed its 200-week moving average for the first time since 2021, a technical indicator often associated with the onset of long-term bullish trends .

The "encrypted Bitcoin" label has gained traction on social media, drawing comparisons between Bitcoin's (CRYPTO: BTC) six-figure valuation and ZEC's current price under $250. Zcash's technology, which employs zero-knowledge proofs to obscure transaction data from public ledgers, differentiates it from other privacy tokens. This feature appeals to investors seeking both long-term optionality and a hedge for Bitcoin holdings through shielded transfers or cross-chain swaps. As Zcash principal engineer Sean Bowe explained, "even a quantum computer analyzing the blockchain a thousand years from now wouldn't be able to determine who made each shielded transaction" .

Traders have identified critical price levels for ZEC. The first resistance is near $280, a level that previously caused rejection during the 2021 cycle. If buyers hold key support at $154, ZEC could target $320 and eventually $400, aligning with historical supply zones . A weekly close above $154 would validate the breakout pattern, while a failure to maintain momentum could trigger a retest of this level.

Zcash's resurgence is not merely a price event but a reactivation of the privacy narrative in crypto markets. As governments accelerate digital ID systems and transaction monitoring, ZEC represents one of the few assets designed to mathematically erase data trails. Its rebranding as "encrypted Bitcoin" ties it to the strongest crypto brand while offering a unique utility-complete transactional invisibility-that Bitcoin cannot provide. Analysts note that if privacy is priced as a premium utility akin to Bitcoin's scarcity, ZEC could emerge as an asymmetric bet in this market cycle .

Source: [1] Zcash Just Did What XRP And ADA Couldn't - What's Behind The ... (https://www.benzinga.com/crypto/cryptocurrency/25/10/48146578/zcash-just-did-what-xrp-and-ada-couldnt-whats-behind-the-brutal-223-rally)