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Zcash holds near $1,300 as NU7 upgrade fuels bullish momentum

By Hassan Maishera

Key takeaways Zcash (ZEC) trades around $1,300 on Friday, outperforming the broader cryptocurrency market. Grayscale’s ZEC-focused ETF (ZCSH) recorded $10.99 million in net outflows on Thursday, bringing weekly withdrawals to $14.77 million. ZEC faces immediate resistance at $1,340, with a confirmed breakout…

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Exchange-traded fund

An investment fund that holds a basket of assets, such as the shares in an index, and trades on a stock exchange like a single share.

ETFs offer low-cost, diversified investing and are a fast-growing way people save.

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Cryptocurrency

A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.

Crypto prices are volatile, and governments are still deciding how to regulate it.

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