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The cryptocurrency marketplace appears to be experiencing an increase in bullishness, as Bitcoin (BTC) remains in the lead at $85,148.35 (+0.97 percent), while Ethereum (ETH) is relatively flat at $1,881.97. The sentiment is generally positive with major cryptocurrencies showing resilience with increased trading volume and favorable technical indicators.
Here is how some of your favorite assets concluded the week.
Will this legacy cryptocurrency become bullish once again? Let's find out in this Zcash price prediction.
Binance has announced the first batch of “Vote to Delist” tokens, adding top altcoins such as JasmyCoin (JASMY), Zcash (ZEC) and FTX Token (FTT). The exchange said these first tokens in the community co-governance initiative on listing and delisting have monitoring tags.
LDO and DYDX are among the top gainers in the past 24 hours as cryptocurrencies look to end the year on a high. This is amid expectations of a further bull market rally in 2025, buoyed by a pro-crypto Donald Trump administration.
Cryptocurrencies, including Movement, Bitget Token and Zcash, celebrated massive gains as Santa's gifts showed in significant price rallies on Dec. 25. With Bitcoin (BTC) reclaiming some footing after trading to near $92,000 on Dec.
Crypto prices today displayed a mix of gains and declines. Bitcoin (BTC) was hovering around $94,000. It continued its decline from last week's all-time high of $108,000. Meanwhile, Ethereum (ETH), XRP, and Solana (SOL) showed sub-5% gains in the past 24 hours, hinting at recovery.
The crypto prices today showed mixed trends, with Bitcoin (BTC) trading below $94,000. BTC has been on a week-long decline after reaching an all-time high of $108,000.
Verge is among the top-performing privacy coins, leading the rally with a 51.8% price increase and $361 million trading volume in 24 hours.
Monero (XMR) Price experienced significant growth in November, aligning with a strong month for privacy coins following the nullification of Tornado Cash sanctions.
Monero's upward momentum comes as the wider privacy coin sector has heated up following a key court ruling on coin mixer Tornado Cash.
ZEC's long/short ratio indicates a strong bearish sentiment among the traders.
ZCash (ZEC) has shown a remarkable recovery in recent weeks, with a 28% surge over the last seven days, demonstrating strong upward momentum despite broader market volatility. As of now, ZEC is trading at approximately $54.32, and many analysts are speculating whether the cryptocurrency can achieve the psychological milestone of $100 by the end of December 2024.
Despite being on an upward slope, the MFI has not reached overbought levels suggesting there is room for more gains.
ZEC, the native token of privacy-focused protocol Zcash, has surged by 23% in the past 24 hours, making it the crypto market's top gainer. It has outperformed major assets like Bitcoin and Ethereum, which rose by 1% and 3%, respectively, during the same period.
The cryptocurrency market today reflects mixed sentiments, with the global market cap dropping 1.96% to $3.2 trillion over the past 24 hours. Trading volume also fell by 6.16%, now standing at $224.95 billion. Despite the dip, market sentiment remains highly optimistic, as the Fear & Greed Index reached 81, signaling extreme greed.
Privacy-focused digital coins recorded double-digit surges as the latest court ruling exempts immutable smart contracts from the US Treasury sanctions. While the crypto market reflects indecisiveness as Bitcoin wavers above $93K, up 1.75% over the past day, privacy tokens saw significant gains. Tornado Cash's native token, TORN, gained over 700% following the verdict.
Privacy-focused cryptos saw double-digit gains as a U.S. court ruling declares immutable smart contracts exempt from Treasury sanctions.
Zcash (ZEC) is showing strong signs of recovery with back-to-back green candles and growing market momentum fueling its bullish run.
Privacy-focused cryptocurrencies like Monero and Zcash might be poised for significant growth this November. Transaction volumes for these coins have increased on ChangeNOW, a platform that allows cryptocurrency exchanges without registration.
The following is a guest post by Brendan Cochrane, Partner at YK Law LLP. Privacy coins, or cryptocurrencies with privacy-enhancing features designed to boost anonymity and reduce traceability, are at the heart of a brewing battle between personal financial freedom and government regulation.
TL;DR The use of privacy tokens offers a solution to improve financial confidentiality, protecting the identity of users. Monero, Zcash, and Dash are examples of assets that implement advanced technologies to ensure greater anonymity in transactions. These tokens face an increasingly hostile regulatory environment, which could limit their adoption among users who value financial freedom.
Privacy coins like Monero (XMR) and ZCash (ZEC) have faced widespread delistings in 2024, with 60 removals from exchanges, the highest since 2021, due to increasing regulatory pressure.
A study published in the Journal of Cybersecurity recommends that governments focus on cryptocurrencies, particularly privacy coins, to address money laundering.
