Bitcoin recovers toward $79,000 as Zcash records a $500 million ETF haul
60-second summary
Bitcoin rebounds to about $79,000 after dipping to $77,600, erasing most losses and ending the day flat. Zcash surges 43% weekly as Grayscale’s newly launched ETF accumulates $500 million, marking a significant inflow. The rally highlights renewed investor appetite for privacy coins and suggests broader crypto market optimism in the sector.
Bitcoin fell to nearly $77,600 on Tuesday before clawing most of it back, leaving it little changed on the day while zcash gained roughly 43% on the week and Grayscale's new fund crossed half a billion dollars.