February 11 News, Privacy cryptocurrency Zcash (ZEC) continues to weaken amid rising market risk aversion, with this month’s decline exceeding 25%. In January, ZEC plummeted over 41%, continuing a downward trend since 2026. As of press time, ZEC is priced at approximately $227.22, down another 4.29% in the past 24 hours.
Looking back at its performance, ZEC surged over 440% in October 2025 against the trend, becoming one of the few strong assets at that time. Despite volatile swings in November and December, it ultimately closed slightly higher. However, after entering 2026, global risk assets came under pressure, coupled with rumors of Electric Coin Company (ECC) parting ways with Bootstrap, which significantly cooled market sentiment and led to persistent selling pressure on ZEC.
Notably, while the price has weakened, on-chain data presents a different picture. After a brief dip in early January, holdings in the shielded pool have rebounded. Currently, over 5 million ZEC are stored in shielded addresses, accounting for about 30% of circulating supply. Analysts point out that this indicates genuine user activity with privacy transfers still occurring daily. Even if these transactions are not purely speculative, they demonstrate real demand for privacy features.
Signals from the miners also reflect this trend. In early February, Zcash mining difficulty hit a record high, indicating continuous growth in total network hash rate and enhanced network security. Although higher difficulty compresses individual miner rewards, the influx of hash power suggests some miners still see long-term profitability, possibly driven by lower electricity costs, scaled operations, or expectations of future price recovery.
In contrast to falling prices and strengthening network metrics, ZEC exhibits a structural divergence: solid fundamentals paired with weak market sentiment. For investors focused on the privacy sector and miner behavior, Zcash’s next move may depend on macroeconomic conditions and shifts in risk appetite within the crypto market.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
U.S.-Iran ceasefire drives Bitcoin higher—will this be a short-term rebound or the start of a new bull market?
Affected by the U.S.-Iran ceasefire agreement, the cryptocurrency market rebounded noticeably. Bitcoin briefly broke above $72,700, then fell back to around $71,695, with a gain of 4.3%. Analysts said this rally may be driven by short-term liquidity, while the long-term outlook remains uncertain; investors should watch changes in the macroeconomic environment and the situation in the Middle East.
GateNews1h ago
XRP Today News: A whale’s holdings have reached a 10-month high as the Ripple conference in Tokyo gets underway
At the XRP Tokyo Conference, Ripple predicts that global on-chain stablecoin transaction volume will exceed $33 trillion in 2026, while large investors continue to withdraw XRP from exchanges, pushing its holdings to a 10-month high. The market is watching regulatory developments, especially the impact of the “CLARITY Act.” In the short term, the XRP price is consolidating between $1.28 and $1.35; if it breaks above $1.35, it may see an upward move.
MarketWhisper1h ago
Gate Daily Report (April 8): Resolv leak impacts treasury liquidity; Fox and Kalshi reach a data partnership
Bitcoin (BTC) has recently rebounded to $71,520, but due to a Resolv USD private key leak, some vault liquidity is insufficient, and Trading Protocol warns users to deposit with caution. Fox and Kalshi have partnered to integrate prediction market data into news programs, demonstrating the importance of data in media. The market is reacting sharply to developments in the Middle East; investors are waiting for Trump’s decisions, which is affecting overall market sentiment.
MarketWhisper2h ago
