- Zcash traded above $245 on Thursday, October 2, 2025, with the privacy coin jumping 57% in the previous 24 hours.
- Data shows bulls retested intraday highs above $152.
- Grayscale’s Zcash Trust, increased shielded ZEC activity, and a broader crypto rally amid U.S. government shutdown concerns served as price catalysts for Zcash.
Zcash’s price extended its large breakout through the week, rising more than 146% as bulls pushed ZEC above $150 for the first time in four years.
Leading the top performers as cryptocurrencies rallied amid U.S. government shutdown sentiment, ZEC delivered gains of more than 57% in 24 hours.
Grayscale’s announcement of a Zcash Trust, which gives eligible investors access via a private placement, helped sustain bullish momentum, along with market anticipation about potential regulator approvals for exchange-traded products.
Zcash extends gains above $150, highest in four years
Privacy coin Zcash last traded above $150 in April 2022. Strength from buyers during the past week pushed ZEC to its highest level in four years.
Zcash saw renewed interest following the launch of Zashi, a platform that expands shielded ZEC adoption by simplifying how users swap cryptocurrencies into Zcash (ZEC).
With Zashi’s decentralized swaps—powered by Near Intents—users can exchange assets like Bitcoin, Solana or USDC for ZEC without relying on centralized exchanges.
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.
ZEC’s market value rose alongside the growth of total shielded value on the Zcash network.
That development was not the only price driver for Zcash.
ZEC climbed to a high of $124 on October 1 after Grayscale launched its Zcash Trust.
The asset manager noted that “Zcash is similar to Bitcoin by design. Zcash $ZEC is built on the original Bitcoin codebase but employs privacy technology that encrypts transaction information and enables users to shield their assets.”
Grayscale’s move helped attract buyers amid bullish sentiment, allowing the altcoin to extend its rally and outperform many of the top 100 cryptocurrencies by market capitalization.
Zcash price outlook
According to CoinMarketCap, ZEC’s current price hovered near $145, having gained roughly 248% over the past month and more than 817% from its all-time low of $15 reached in July 2024.
The rally pushed the altcoin’s market capitalization above $2.35 billion.
Meanwhile, 24-hour trading volume exceeded $1.1 billion.
Zcash’s gains are reflected across other privacy coins as well: Monero rebounded from lows around $299 to trade above $336, while Dash climbed to highs near $35.
Zcash price chart by TradingView
The weekly chart suggests ZEC could test the $160 threshold—an area it failed to surpass in April 2022.
If bulls sustain momentum, the $200 to $245 zone could once again become a focal point despite technical indicators signaling overbought conditions.
With the Relative Strength Index around 86, overbought readings increase the likelihood of a correction and a retest of support levels.
Key support areas for bears to watch are $92 and $75.