BusinessAI imageZcash Surges Past Bitcoin After Fed's First Rate Hike in 3 Years
Zcash reached a new record high, outperforming Bitcoin amid a broader cryptocurrency rally. This surge followed the Federal Reserve's 25-basis-point rate increase to 3.75%-4%, marking its first rate hike since July 2023. The move by the Fed sparked renewed investor interest in cryptocurrencies, driving prices upward.
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