Zcash Surges Back to Pre-Crash Highs After Market Meltdown

Zcash (ZEC) has posted a good recovery in price after the broader cryptocurrency market suffered massive liquidation. The Layer-1 coin with emphasis on privacy rose by over 3% to hit an intraday peak of $297.01 in the last 24 hours.

Market Turmoil Triggered by U.S. Tariffs on China

Notably, Zcash had crashed just like other crypto assets following the U.S. government announcement of a 10% tariff on China. The announcement triggered massive liquidations of over $19 billion within a short period in the middle of a bullish October.

Zcash lost massively as the price dipped from around $273 to $150 after the trade tariff announcement. However, as of this writing, Zcash is changing hands at $270.76, which represents a 4.48% increase in the last 24 hours. It climbed from a low of $258.43 to the current levels as aggressive bearish bets backfired, triggering a reversal.

Despite the price recovery, investors have not rallied to the market as trading volume is down by a significant 31.11% to $1.17 billion. This might be a result of technical signals that call for caution. The Relative Strength Index (RSI) warns of overextension, and market participants might be concerned.

Zcash Outperforms Bitcoin and Ethereum Amid Broader Weakness

However, analysts are applauding the recovery as notable crypto assets are either still on a downward path or struggling to find stability. For instance, the leading crypto asset, Bitcoin, fell to a low of $109,715.54 within this period. It has, however, registered slight gains and now exchanges at $112,037.08.

Similarly, Ethereum, which hit a bottom of $3,652.79 within the last 24 hours, has inched up to $3,822.73, even if this still represents a 0.34% decline overall. More worrisome is the huge decline in trading volume, which plunged by 62.48% to $45.2 billion.

Other assets are witnessing the same decline in price as uncertainty prevails in the crypto space. The U.S. trade tariff is set to take effect on November 1, 2025.

Privacy Features Keep Zcash in the Spotlight

Zcash remains an attraction because of its privacy feature that allows users to send and receive funds without revealing their identities. Earlier this year, when Binance considered delisting Zcash, users of the exchange reacted against the move.