Zcash's latest rally is unprecedented in the coin's history. After trading in the low double digits just months ago, ZEC surged to $550 in October 2025. Crypto.news reported ZEC jumping 255% in 30 days, blowing past the $500 mark. Coinspeaker noted an even larger 360% climb, with ZEC trading around $622 as of November 7. ZEC's market cap shot from roughly $800 million in August to nearly $10 billion by early November.
There are several key drivers for the bullish reversal. Macroeconomic uncertainty - including the ongoing U.S. government shutdown - has led investors toward alternatives like bitcoin, historically seen as a hedge against traditional financial risks. Geoffrey Kendrick, head of digital assets at Standard Chartered, believes that bitcoin's role as a safe haven is being amplified by the fiscal gridlock in Washington.