ZEC Surges 23% in 24 Hours, Approaching All-Time High at $1,369

Zcash (ZEC) has surged 23% over the past 24 hours, reaching approximately $1,369 and nearing its all-time high, according to reports. CoinDesk reported that ZEC's rise coincided with a post by Paradigm co-founder Matt Huang on X, where he disclosed his company's holdings of ZEC. Huang described Zcash as the 'privacy complement to Bitcoin.' CoinDesk also noted that Bitcoin rose less than 1% to around $76,258 while the U.S. Federal Reserve raised interest rates by 25 basis points to a range of 3.75%-4%.