Zcash gains 2.95% after Ironwood upgrade activation, while Bitcoin remains range-bound amid macro uncertainty and security concerns.
Bitcoin traded between $63,820 and $64,706 this week, failing to break out of its range as macro uncertainty and security fears weighed on sentiment. A $130 million Coldcard wallet exploit and quantum computing concerns added to downward pressure, while the Federal Reserve’s decision to hold rates at 3.5%–3.75% kept risk assets in limbo.
Zcash, meanwhile, saw a 2.95% gain Tuesday following the activation of its Ironwood upgrade, which patched an AI-discovered vulnerability and strengthened its privacy protocol. The upgrade, part of network update NU6.3, triggered a brief sell-the-news dip before buyers returned, reinforcing a recovery narrative.
Neither asset has confirmed a directional trend, but Zcash’s technical momentum contrasts with Bitcoin’s stagnation, leaving traders weighing near-term catalysts.