At the end of the week, Bitcoin continued to decline, falling approximately 2.3% to around $100,700, already 25% below its October all-time high. Other major coins also came under pressure: Ethereum, Solana, and XRP lost between 2.6% and 5.1% in 24 hours. Zcash stood out against this backdrop, rising approximately 20% in 24 hours.
Analysts attribute Bitcoin’s decline primarily to a revision in Fed rate expectations: the market is increasingly less confident in a further sharp decline, and in a high-rate environment, non-yielding assets like cryptocurrencies look less attractive than bonds.
The surge in interest in Zcash is attributed either to increased demand for transaction privacy or to the concerted actions of certain groups of traders. In any case, the situation illustrates how selectively and selectively liquidity is currently distributed within the crypto market.