The post Zcash Recovers to Pre-Crash High Following Crypto’s ‘Black Monday’ appeared on BitcoinEthereumNews.com.

The price of Zcash (ZEC), a supply-capped, shielded, layer-1 coin dedicated to user privacy, fully recovered following Friday’s market crash, forming a new recent high of about $291 on Saturday before retracing to about $273 at the time of this writing. Zcash plummeted by 45% on Friday, falling from a high of about $273 to $150, following a social media post from United States President Donald Trump announcing 100% tariffs on China, which sent the crypto markets into a meltdown. ZEC is only down about 5.5% from its recent high, making it a standout in this market crash. Many cryptos are still down by double digits from their recent highs, including Ether (ETH), which is down by about 22% from its recent and all-time high of $4,957. Zcash experienced a massive rally in October and is trading at pre-crash levels. Source: TradingView Before the market downturn, ZEC went on a meteoric price rally, rising from $74 on October 1 to $291 on Saturday — a price increase of nearly 4x in less than two weeks. The crypto market experienced the most severe liquidation event in its history on Friday after Trump’s tariff announcement, which caused $20 billion in liquidations within hours of his social media post, leaving many traders disillusioned with the markets. Related: Bitcoin may get ‘dragged around a bit’ amid Trump tariff fears: Exec US President Donald Trump crashes markets with just two social media posts Trump crashed markets with only two social media posts on Friday, signaling that the global trade war is back on.  In his first post, he said the Chinese government’s expanded export controls on rare earth minerals, crucial to tech manufacturing and industrial equipment used in the mineral refining process, are “very hostile” and will “clog” global trade. Source: Donald Trump Over 90%…

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Filed under: News - @ October 12, 2025 12:10 am