Zcash Jumps 23% to $1,369 as Fed Hike Reassures Markets and Paradigm Backs ZEC
Updated
Updated · CoinDesk · Sep 17
Zcash Jumps 23% to $1,369 as Fed Hike Reassures Markets and Paradigm Backs ZEC
1 articles · Updated · CoinDesk · Sep 17
Summary
Zcash climbed 23% in 24 hours to about $1,369, far outpacing major tokens as crypto and stock futures rebounded after the Federal Reserve’s latest policy decision.
A quarter-point Fed hike to 3.75%-4% was widely expected, and policymakers’ 4.1% median rate outlook for end-2026 and end-2027 signaled only one more increase this year.
Matt Huang added fuel to the move by disclosing Paradigm owns ZEC and calling it “a private complement to Bitcoin,” spotlighting the privacy token as bitcoin rose less than 1% to roughly $76,258.
The broader risk-on tone extended beyond crypto: S&P 500 futures gained 0.6%, Nasdaq 100 futures rose 0.7%, Asian equities added 0.3%, and the two-year Treasury yield eased to 4.71%.