- On Thursday, October 2, 2025, Zcash traded above $145 as the privacy coin surged 57% in the past 24 hours.
- Data shows bulls retested the intraday high above $152.
- Grayscale’s Zcash Trust, growing interest in shielded ZEC, and a crypto rebound amid U.S. government shutdown sentiment helped catalyze the price move.
Zcash gained more than 146% this week, with bulls pushing the token above $150 for the first time in four years.
As cryptocurrencies rallied amid concerns about a potential U.S. government shutdown, ZEC led the gains, climbing more than 57% in 24 hours.
Grayscale’s announcement of a Zcash Trust, offered via private placement to eligible investors, further boosted market sentiment. Expectations that regulators could approve spot exchange-traded funds also supported buying interest.
Zcash extends gains above $150, hits four-year high
Privacy-focused Zcash last traded above $150 in April 2022. Recent buying pressure over the past week pushed ZEC to a four-year peak.
ZEC also benefited from the launch of Zashi, a platform that makes it easy to convert many cryptocurrencies into Zcash (ZEC), broadening adoption.
Because Zashi’s decentralized exchange is powered by Near Intents, users can convert assets such as Bitcoin, Solana or USDC into 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 shield their assets to add privacy and store them in a Zashi wallet for private custody.
As the total shielded value on the Zcash network rises, demand and market value for ZEC have also increased.
Grayscale’s move was not the only catalyst for Zcash’s recent rally.
On October 1, following Grayscale’s Zcash Trust announcement, ZEC spiked to a high near $124.
The asset manager noted that Zcash is similar to Bitcoin in design. ZEC was created from the original Bitcoin codebase but uses privacy technology to encrypt transaction information and allow users to protect their assets.
With bullish market sentiment, Grayscale’s action likely encouraged buyers as altcoins outperformed many top-100 cryptocurrencies by market capitalization.
Zcash price outlook
According to CoinMarketCap data, ZEC trading near $145 represents a one-month gain of 248% and an increase of more than 817% from the July 2024 low of $15.
The price surge has lifted ZEC’s market capitalization to over $235 million.
Twenty-four‑hour trading volume has topped $110 million.
Zcash’s rally also coincided with gains in other privacy coins: Monero rebounded from lows around $299 to trade above $336, and Dash climbed to highs near $35.
Zcash price chart
Weekly charts suggest ZEC could target the $160 level—the resistance it failed to surpass in April 2022.
If bulls extend the advance, the $200–$245 area could draw renewed attention despite chart readings indicating overbought conditions.
However, an RSI around 86 signals overbought conditions, which could prompt a corrective pullback and a retest of support levels.
Bears would likely focus on support zones near $92 and $75 if a correction unfolds.