Zcash, Bitcoin Cash, and Cardano Show Gains, with ZEC Leading the Way with a 47% Surge

cryptonews.ruPublished on 2026-08-22Last updated on 2026-08-22

Abstract

In the last 24 hours, several altcoins saw significant gains. Zcash (ZEC) led the rally, surging 47.1% to $836 before consolidating around $810, driven by privacy focus and developments around a potential Grayscale spot ETF conversion. Bitcoin Cash (BCH) rose 31.4% to $299.49. Other notable gainers included Cardano (ADA), up 19% to $0.2563, Dogecoin (DOGE), and Whitebit (WBT), each up 17.7%. The rally extended to Stellar (XLM), Chainlink (LINK), and Hyperliquid (HYPE), which rose 11.9% to $81.50, buoyed by DEX volume and a token buyback mechanism. The broad-based momentum is attributed to renewed U.S. regulatory optimism, including President Trump's support for the Digital Asset Market Transparency Act, and expanded Treasury bond buybacks, which lowered yields and freed liquidity for risk assets. Analysts note the rally was accompanied by high trading volumes and leverage, which could amplify volatility. Market participants are watching for tangible progress on crypto market structure legislation in the coming weeks to sustain the uptrend.

In the last 24 hours, prices of numerous altcoins have risen, with the privacy-focused coin Zcash (ZEC) leading the gains, surging 47.1% to $836 before pulling back slightly and consolidating around $810. Similarly, Bitcoin Cash (BCH) rose 31.4% to $299.49 over the same period.

Zcash has been a top gainer this year: driven by attention to privacy issues and some events related to exchange-traded funds (ETFs), on August 21 alone its price rose 13%, pushing the token to a daily high of $663 and its market capitalization to the $10.8 billion mark.

A consistent growth catalyst has been Grayscale's pursuit of converting its Zcash Trust into a spot exchange-traded fund (ETF), which would make it the first privacy-feature cryptocurrency ETF in the United States.

The rise in Zcash has not been without turbulence, as Bitcoin.com News reported earlier this month, the asset reached $686 before a wave of coordinated selling triggered $28 million in liquidations.

Bitcoin Cash, Cardano, and Dogecoin Join the Rally

The gains were not limited to privacy-focused cryptocurrencies: Cardano ($ADA) rose 19.0% to $0.2563, while Dogecoin (DOGE) and the Whitebit token (WBT) each added 17.7%. Stellar (XLM) climbed 16.2%, Chainlink (LINK) rose 13.3%, and Hyperliquid (HYPE) gained 11.9% to $81.50.

Layer-1 (L1) tokens, payment-focused cryptocurrencies, and decentralized exchange (DEX) infrastructure assets showed gains within hours of each other—a dynamic that suggests injections of liquidity into the broader market rather than any single project-specific catalyst.

Hyperliquid's 11.9% rise to $81.50 came as the decentralized exchange (DEX) platform continued to attract attention for its perpetual futures trading volumes and token buyback mechanism (along with a presidential endorsement at a recent White House crypto gathering). Cardano's rise, meanwhile, followed a broader weekly uptrend for the network as traders focused on US policy clarity, with $ADA showing double-digit gains on both daily and weekly charts.

What's Fueling the Broad Rally

The overall bullish momentum has been supported by renewed enthusiasm from US President Donald Trump regarding the "Digital Asset Market Transparency Act," as well as the Treasury Department's announcement of an expanded long-term bond buyback program—a move that lowered yields and freed up liquidity for risk assets, including cryptocurrencies.

This liquidity built on a rally earlier in the week when Ether (ETH) jumped 18% to $2,250. However, analysts caution that rapid, broad-based altcoin rallies of this kind are often accompanied by significant leverage usage, which can amplify both the rise and any subsequent decline.

Finally, it's worth noting that trading volumes for the aforementioned tokens also spiked amid their price moves, indicating the rally was backed by real order flow rather than low weekend liquidity. Looking ahead, the combination of optimism around the "Transparency Act," Treasury-driven liquidity expansion, and renewed institutional interest in privacy assets appears to be allowing buyers to maintain control of the market.

The next test will be whether Congress can make tangible progress on crypto market structure legislation in the coming weeks—traders expect such a development to extend the rally.

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How to Buy ZEC

Welcome to HTX.com! We've made purchasing Zcash (ZEC) simple and convenient. Follow our step-by-step guide to embark on your crypto journey.Step 1: Create Your HTX AccountUse your email or phone number to sign up for a free account on HTX. Experience a hassle-free registration journey and unlock all features.Get My AccountStep 2: Go to Buy Crypto and Choose Your Payment MethodCredit/Debit Card: Use your Visa or Mastercard to buy Zcash (ZEC) instantly.Balance: Use funds from your HTX account balance to trade seamlessly.Third Parties: We've added popular payment methods such as Google Pay and Apple Pay to enhance convenience.P2P: Trade directly with other users on HTX.Over-the-Counter (OTC): We offer tailor-made services and competitive exchange rates for traders.Step 3: Store Your Zcash (ZEC)After purchasing your Zcash (ZEC), store it in your HTX account. Alternatively, you can send it elsewhere via blockchain transfer or use it to trade other cryptocurrencies.Step 4: Trade Zcash (ZEC)Easily trade Zcash (ZEC) on HTX's spot market. Simply access your account, select your trading pair, execute your trades, and monitor in real-time. We offer a user-friendly experience for both beginners and seasoned traders.

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