Zcash hits 8-year high, flips Monero to become top privacy coin at $6.2B

Zcash has made headlines by surging to $388, marking a seven-year high and surpassing Monero in the privacy coin rankings. This significant increase highlights growing investor confidence in privacy-focused cryptocurrencies, which are becoming increasingly relevant in today's digital economy. As more individuals seek secure and anonymous transactions, Zcash's rise could signal a shift in market dynamics, potentially attracting more users and investors to the privacy coin sector.

Zcash has reached its highest price in eight years, breaking through significant market barriers. This milestone is important as it reflects growing investor confidence and interest in the cryptocurrency market. However, the question remains whether Zcash can maintain its value above $388 or if a correction is on the horizon. This situation is crucial for traders and investors as it could indicate future trends in the cryptocurrency space.

The crypto market experienced a dip, dropping to $3.59 trillion on October 30, but it quickly began to recover, reaching $3.69 trillion the following day. This presents a prime opportunity for savvy investors to buy undervalued altcoins like $PEPENODE, $HYPER, and $LINK. With Bitcoin remaining steady above $110,000, the market shows signs of resilience, making it an exciting time for those looking to invest in the crypto space.

Wall Street is currently divided on Coinbase's future following its Q3 earnings report, which exceeded expectations. This is significant as it highlights the ongoing debate among investors about the viability of cryptocurrency platforms in a fluctuating market. Some analysts see potential for growth, while others remain cautious, reflecting the broader uncertainty in the crypto sector.

Zcash's ZEC is currently experiencing a rally, but analysts are cautioning that it may face a significant pullback of around 30% towards the $260–$270 support zone in November. This situation is important as it highlights the volatility and unpredictability of the cryptocurrency market, making it crucial for investors to stay informed about potential price movements.

The launch of the Solana ETFs by Bitwise and Grayscale has ignited a trading frenzy, with over $72 million exchanged in a short time. This event is significant as it reflects growing investor interest in Solana and the broader crypto market, potentially paving the way for more innovative financial products in the future.

Zcash (ZEC) is making headlines with a remarkable surge of over 50% in just a week, now trading above $350. This rally has sparked discussions about its potential to re-enter the top 20 digital assets by market capitalization. The excitement is driven by a combination of technical strength, institutional interest, and a growing global demand for digital privacy. As ZEC continues to trend upward, it highlights the increasing importance of privacy-focused cryptocurrencies in today's market.

The latest Q3 report from Messari on the XRP Ledger highlights a significant shift as institutions are increasingly engaging with the network. With rising transaction volumes and a growing number of new addresses, this evolution suggests that the XRP Ledger is moving beyond its retail roots and becoming a more robust platform for institutional use. This trend is important as it indicates a broader acceptance of blockchain technology in traditional finance, potentially paving the way for more innovative financial solutions.

Bitcoin has recently dropped below the $110,000 mark, causing significant concern among traders and investors. This decline was triggered by the US Federal Reserve's decision to cut interest rates and signal an end to quantitative tightening, leading to a wave of panic selling. The volatility has tested investor confidence and resulted in the liquidation of leveraged positions, highlighting the ongoing uncertainty in the market. Understanding these movements is crucial for anyone involved in cryptocurrency, as they reflect broader economic trends and investor sentiment.

Australian police have successfully cracked crypto wallets, recovering over $7 million in illicit digital assets. This significant achievement highlights the ongoing efforts of law enforcement to combat cybercrime and protect the integrity of the financial system. By reclaiming these funds, authorities not only disrupt criminal activities but also send a strong message about the importance of security in the digital currency space.

A recent discussion on X sparked by crypto analyst Scott Melker has brought attention to the XRP Ledger and its utility. Melker's question about the current pitch for XRP, separate from Ripple, engaged his million followers, leading to a vibrant exchange of ideas. This conversation is significant as it highlights the evolving narrative around XRP and its role in the cryptocurrency landscape, encouraging both supporters and skeptics to share their insights.

The New Hampshire Senate has decided to stall a bill aimed at deregulating crypto mining after a split vote, reflecting growing public concern over the proposal. Lawmakers believe further study is necessary before making any changes to local controls on crypto mining. This decision is significant as it highlights the ongoing debate about the balance between technological advancement and community impact, especially in a state where crypto mining has become a contentious issue.

Historically, October has been a great month for Bitcoin, often referred to as 'Uptober' due to its consistent price surges. However, as October 2025 comes to a close, Bitcoin is currently about 4% down, breaking its seven-year streak of closing the month in profit. This shift is significant for investors and enthusiasts who rely on past trends to predict future performance, raising concerns about the stability of the cryptocurrency market.

Vineet Budki warns that Bitcoin's four-year cycle remains intact, predicting a significant 70% drop in the next market downturn. He emphasizes that many investors lack a solid understanding of Bitcoin's economic properties, which could lead to panic selling at the first signs of trouble. This insight is crucial as it highlights the volatility of cryptocurrencies and the importance of informed investing, especially in uncertain market conditions.