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ZEC Defies Market Crash with 19% Surge, Breaks $275 to Set New Yearly High

Source Tradingkey

TradingKey – ZEC’s breakout to a new yearly high may trigger a wave of capital rotation amid market panic.

On Saturday, October 11, the crypto market experienced a sharp selloff, with nearly all major tokens plunging. In stark contrast, Zcash (ZEC) surged 18.83%, reaching an intraday high of $275, setting a fresh high for the year.

zec-price ZEC Price Chart – Source: TradingView

Over the past 24 hours:

Bitcoin (BTC) dropped more than 8%, currently rebounding near $110,000
Ethereum (ETH) plunged over 12%, now trading at $3,800
Binance Coin (BNB) fell more than 13%, currently priced at $1,101

crypto-btc-eth

Top 10 Crypto Assets by Market Cap – Source: CoinMarketCap.

The broad decline triggered widespread liquidations, leaving investors rattled. Yet ZEC’s strong upside move stands out, forming a sharp contrast to the rest of the market. This divergence may attract sidelined capital, potentially fueling further gains as traders seek refuge in outperforming assets.

Source

Disclaimer: For information purposes only. Past performance is not indicative of future results.

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