The post Zcash Price Rallies 21% After Breaking Major Resistance appeared on BitcoinEthereumNews.com.

On Wednesday, Zcash’s price skyrocketed by 22%, helping its value to break above a major resistance level of $330 with a market capitalization of $5.5 billion.  The price movement was witnessed following a bullish momentum in the overall crypto market, sparking euphoria in the community. On Tuesday, U.S. President Donald Trump declared a ceasefire in the ongoing war with Iran, easing tension in the global financial market. On April 8, Zcash (ZEC), one of the popular privacy coins, witnessed a rally of 22% on a daily chart following the bullish momentum in the crypto market.  At present, the Zcash price is hovering around $330 with a market capitalization of $5.5 billion, thanks to growing investors’ confidence in the privacy coins. According to CoinMarketCap, the daily trading volume has also crossed the $1.02 billion mark.  Zcash Gains Momentum with Bullish Trend in Crypto Market The price rally comes as Foundry Digital, the company that runs the largest Bitcoin mining pool in the world, gets closer to launching its institutional-grade mining pool for ZEC. The launch is planned for April.  Foundry Digital is a subsidiary of Digital Currency Group, commonly known as DCG. The company controls approximately 30% of the global computing power used to mine Bitcoin. The new Zcash mining pool would be the first major United States-based operation for ZEC mining that is ready to meet compliance rules.  The pool will target institutional miners and publicly traded mining companies. It will include your customer checks, anti-money laundering checks, and transparent address payouts. Mining for Zcash has historically been concentrated among a small number of non-U.S. pools. The leading pools have been ViaBTC and F2Pool. Foundry’s entry into this space is expected to spread out the distribution of mining power more evenly. It may also attract miners who previously stayed away…

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Filed under: News - @ April 9, 2026 5:29 am