Zcash Hits Decade-High Prices, Briefly Enters Top 10 by Market Cap

ZEC Breaks Significant Milestone

The cryptocurrency Zcash (ZEC) has reached the $1000 mark for the first time in about ten years, excluding the volatile period immediately after its 2016 exchange listing. This surge is attributed to capital inflows into the physical ETF managed by asset management firm Grayscale, and an increase in mining participation.

This ETF, which began trading on the New York Stock Exchange Arca on August 25, is the first U.S. ETF that directly invests in ZEC, converted from Grayscale's trust...