Zcash Reaches Highest Price in Nearly a Decade
On September 4, 2026, Zcash (ZEC) surged past $1,000 for the first time since its launch nearly ten years ago. The price reached an intraday high of $1,029 before settling around $984, marking a roughly 20% gain in 24 hours and pushing its market cap toward $17 billion. This rally outperformed many major cryptocurrencies, including Dogecoin (DOGE), and led to over $36 million in liquidations as short sellers were caught off guard. Zcash's rise is attributed to strong momentum metrics such as the Relative Strength Index (RSI) at 78.6 and a bullish moving average crossover on its daily chart, indicating continued upward pressure despite being technically 'overbought.' The launch of Grayscale’s ZEC ETF in early August also contributed by providing institutional access without requiring crypto wallets. The rally coincided with broader market volatility triggered by U.S. employment data and Federal Reserve policy expectations. While Bitcoin initially surged past $80,000 on Thursday, it retreated slightly as traders anticipated a potential rate hike at the Fed’s September meeting.
Tickers: $ZCSH
Topics: crypto price surge short squeeze Zcash