- On Thursday, October 2, 2025, Zcash traded above $145, with the privacy-focused coin gaining 57% in the past 24 hours.
- Data show bulls retested intraday highs above $152.
- Catalysts for Zcash’s price include the launch of the Grayscale Zcash Trust, growing positive sentiment around ZEC, the broader crypto rally, and market reactions to the U.S. government shutdown.
Zcash extended a major breakout this week, rising more than 146% as bulls pushed the coin above $150 for the first time in four years.
Leading the top performers amid a crypto rebound driven in part by sentiment around the U.S. government shutdown, ZEC climbed more than 57% within 24 hours.
Grayscale’s announcement of a Zcash Trust—offering qualified investors access via a private placement—continued to bolster sentiment. Markets are also anticipating potential regulatory approvals for spot exchange-traded products, which further supported buying pressure.
Zcash extends gains above $150 to reach a four-year high
The privacy coin Zcash was last trading above $150 in April 2022. Strong bullish momentum over the past week pushed ZEC to four-year highs.
The rally accelerated after the launch of Zashi, a platform that expands private adoption of ZEC by enabling direct swaps from any cryptocurrency into Zcash.
Users no longer need to rely solely on centralized exchanges: Zashi’s decentralized swaps, powered by Near Intents, make it simple to convert assets such as Bitcoin, Solana, or USDC into ZEC.
Couldn’t be better timing.
Buy ZEC in a completely decentralized manner directly from @zashi_app.
Keep it shielded in your Zashi wallet for maximum privacy.
Excellent work @jswihart and team. https://t.co/RPg37Jc37q
— Arjun Khemani (@arjunkhemani) October 1, 2025
Users can add privacy features to their holdings by shielding assets, with private storage available in the Zashi wallet.
Network metrics also improved as Zcash’s shielded value on-chain rose, contributing to the coin’s market appreciation.
However, this was not the only price driver.
ZEC jumped to highs near $124 on October 1 after Grayscale launched the Zcash Trust.
The asset manager noted that “Zcash is similar to Bitcoin by design. Zcash ($ZEC) was created from Bitcoin’s original codebase but uses privacy technology that encrypts transaction details, allowing users to protect their assets.”
Coming amid bullish sentiment, Grayscale’s move helped buyers extend the rally, pushing ZEC ahead of many of the top 100 tokens by market capitalization.
Zcash price outlook
According to CoinMarketCap, ZEC’s current price near $145 represents an approximate 248% increase over the past month and more than an 817% rise from its historical low of $15 recorded in July 2024.
The price surge lifted the altcoin’s market capitalization to over $2.35 billion.
Meanwhile, 24-hour trading volume exceeded $1.1 billion.
Zcash’s gains were mirrored by other privacy coins. Monero bounced from lows near $299 to trade above $336, while Dash rallied toward $35 highs.
Price chartZcash from TradingView
Weekly technicals indicate ZEC could test the $160 level, a resistance it failed to clear in April 2022.
If bulls maintain momentum despite indicators signaling overbought conditions, the $200–$245 area becomes a potential medium-term target.
However, the relative strength index around 86 points to overbought conditions, which raises the possibility of a corrective retest of support levels.
Support zones near $92 and $75 would be relevant areas for bears to watch on any pullback.