Zcash (ZEC) briefly surpassed the $1,000 mark, peaking at $1,027.80 before retreating to around $981. This 13.8% gain in 24 hours propelled ZEC to the tenth position among cryptocurrencies by market capitalization, reaching a valuation of $16.5 billion. Trading volume surged by 173% to $1.62 billion. The privacy-focused cryptocurrency had been recovering from below $500 in August. The daily momentum reading at 78.33 suggests strong buying pressure, but the pullback from the $1,027.80 peak indicates some holders sold after crossing the psychologically important $1,000 level.
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