Zcash (ZEC) — the supply-capped, privacy-first layer-1 coin — has staged a exceptional rebound after Friday’s market massacre. The coin hit a weekend peak of roughly $291 on Saturday earlier than cooling to round $273, totally retracing its crash and setting a brand new short-term excessive.
On Friday, ZEC had cratered 45%, nosediving from $273 to $150, after U.S. President Donald Trump torpedoed international markets with a single social media submit asserting 100% tariffs on China. The transfer triggered what merchants are calling one of many largest liquidation occasions in crypto historical past, with $20 billion in positions worn out inside hours.
Trump’s submit that crashed international markets, supply: Trump
Regardless of that carnage, ZEC is now solely 5.5% under its weekend excessive — a uncommon inexperienced shoot in an in any other case scorched panorama. Most different main cryptos stay deep within the crimson: Ether (ETH), as an illustration, continues to be down roughly 22% from its all-time excessive of $4,957.
Zcash was one of many solely belongings within the inexperienced at this time, supply: BNC
Zcash’s resilience stands out. Earlier than the downturn, the token went on a parabolic run — climbing from $74 on October 1 to $291 simply two weeks later — almost a 4x transfer that put it again to pre-crash ranges and into the highlight for merchants chasing momentum performs.
In the meantime, the broader crypto market continues to be reeling from Trump’s tariff salvo. His Friday posts reignited fears of a renewed U.S.–China commerce battle, immediately wiping trillions off international markets — echoing the chaos seen throughout the tariff battles of 2019.
In his first submit, Trump lashed out at Beijing’s expanded export controls on uncommon earth minerals — the crucial supplies utilized in the whole lot from EV batteries to missile steering programs — calling the transfer “very hostile” and warning it will “clog international commerce.” Over 90% of those supplies are produced in China, in accordance with Reuters.
Trump then canceled an upcoming assembly with Chinese language President Xi Jinping, writing, “I used to be to fulfill President Xi in two weeks, at APEC, in South Korea, however now there appears to be no purpose to take action.” Hours later, he adopted up by declaring a 100% tariff on all Chinese language items, efficient November 1, 2025 (or sooner).
That was sufficient to ship markets spiraling — however not Zcash. The privateness coin, constructed to make transactions invisible to prying eyes, as soon as once more proved its knack for surviving chaos in model.
Jason Jones Jason Jones Read More
