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Divergence02CRYPTO2026-04-25

ZEC Outpaces BTC by 3,064 bps Over 30 Days — Privacy Coins Rally Together, ZEC Leads

Zcash delivered a 30-day return of +41.6% versus Bitcoin's +11.0%, a 3,064-bps gap. Within the privacy coin sector, XMR gained +11.8% and DASH +6.3% over the same window, meaning ZEC outperformed its two closest peers by 2,985 bps and 3,532 bps respectively. All three privacy coins rallied following the April 8 U.S.-Iran ceasefire, but ZEC benefited from additional tailwinds including the pending Grayscale ETF decision, Dash's adoption of zk-SNARKs, Foundry's institutional mining pool launch, and supply squeeze dynamics.

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Conclusion

ZEC Apr 23 close: $342.60. ZEC Mar 24 close: $241.89. ZEC 30d return: +41.6%. BTC 30d return: +11.0%. XMR 30d: +11.8%. DASH 30d: +6.3%. ZEC vs BTC spread: 3,064 bps. ZEC 90d low: $197.63 (Mar 7), recovery: +73.4%. 90d high: $399.45 (-14.2% from current). Privacy coin sector rallied following April 8 geopolitical catalyst (U.S.-Iran ceasefire). ZEC-specific factors: Grayscale ETF filing, Foundry institutional mining pool, Dash zk-SNARK adoption, November 2024 halving supply squeeze, shielded pool growth to ~30% of supply.

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