Z-Cash Is Outperforming Bitcoin (BTC) and Other Currencies Right Now

Core Insights - Crypto markets are facing challenges following the FOMC meeting, with Fed Chair Powell indicating no guarantees of interest rate cuts in December, leading to market volatility [1] - Bitcoin is currently trading above its 200-day SMA at approximately $110,000, but Z-Cash is experiencing a more significant recovery, gaining nearly 12% to reach $369 per coin [1][4] Macro Factors - The Trump administration is considering a potential 10% reduction in tariffs on China, which is seen as positive news for risk assets [2] - The market is currently in a cautious state, with investors awaiting catalysts to shift back to a risk-on mode [2][3] Z-Cash Performance - Z-Cash is outperforming Bitcoin in October, with strong support and volume pushing its price closer to the $400 mark [4] - The growing emphasis on privacy in the crypto space is benefiting Z-Cash, as it receives backing from influential figures on Crypto Twitter [4][5] Market Dynamics - Z-Cash is gaining traction as a privacy coin, supported by major exchanges like Coinbase, which enhances liquidity and opportunities for holders [5] - Coinbase's stock has risen by 8% following a strong earnings report, and the company's substantial Bitcoin holdings (over 14,500 BTC) are positively impacted by Bitcoin's modest price recovery [6]