News · Altcoins
Tech corporate earnings lifted broader risk assets, while Zcash jumped 11% after core developers established mainnet activation parameters for its block-time upgrade.
Key point 1 of 3
01
Bitcoin gained 1.3% to trade near $82,700 following earnings rebounds in Asian markets and US tech shares.
Key point 2 of 3
02
Zcash jumped 11% to roughly $1,260 after core developers determined the mainnet activation height for its NU7 upgrade.
Key point 3 of 3
03
Short-term holders held 16% of the Bitcoin supply as of Sept. 30, marking the lowest allocation since January 2023.
Context
Digital asset markets have faced multi-quarter consolidation, with Bitcoin's bear phase reaching 359 days by late September.
Why it matters
Zcash network participants face a structural shift with block times moving from 75 to 25 seconds, while digital assets track tech equity correlations.
What to watch
The upcoming Federal Reserve interest rate decision scheduled for Oct. 27–28, alongside the mainnet deployment of Zcash NU7.
Sources
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