Zcash Jumps 10% as Bitcoin Holds $87K Amid US Reserve Bill Progress
Zcash topped major crypto gains with a 10% jump as falling oil prices calmed inflation jitters and a U.S. Bitcoin stockpile bill pushed ahead in Congress.
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Key takeaways
- Zcash outpaced major crypto assets with a 10% price surge.
- Bitcoin maintained its ground near $87,000 during the Asian trading session.
- A bill to make the U.S. government's Bitcoin stockpile permanent advanced further in Congress than any previous effort.
- Dropping oil prices helped ease broader market inflation concerns.
Zcash popped 10% during Asian trading hours, outpacing most major crypto assets while Bitcoin held firm near $87,000.
Macro relief and Capitol Hill momentum
Slipping oil prices gave markets a breather during the Asian session, easing nagging inflation fears across global markets. As that macro pressure eased up, crypto caught a bid.
Over in Washington, traders were glued to real progress on Capitol Hill. A bill to turn the U.S. government's Bitcoin stash into a permanent strategic reserve moved further through Congress than any previous attempt. That's a first—no national reserve proposal has ever made it this far down the legislative pipeline.
Why it matters
When macro inflation worries cool off, cash often drifts past Bitcoin into privacy-centric tech and prominent altcoins like Zcash. Combine that with Bitcoin sitting pretty at $87,000 while a strategic reserve bill gets real traction in Congress, and holders get a rare double hit: short-term economic relief alongside historic government validation.
Source: CoinDesk
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Priya Nair
Priya covers the AI side of crypto — agent tokens, decentralised compute and where the two industries actually meet.
