Crypto rally cools as Bitcoin slips to $85,362 and Zcash hits 2016 high
- —Bitcoin down 0.6% to $85,362 as buyers failed to hold $87,000
- —Zcash up 5.9% to $1,622, highest since 2016 on European ETP launch
- —XRP up 1.8% to $1.56; Ethereum -0.8% at $2,710; Solana -0.4% at $116
- —US dollar hits two-month high on expectations of further rate hikes
Why it matters: A stronger dollar and rate-hike expectations are weighing on risk assets, while inflows into the Zcash ETP signal demand for privacy coins.
Source: Crypto Insiders