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Investors are rotating into privacy-focused cryptocurrencies like Zcash, seeking assets with lower correlation to traditional markets ahead of anticipated macroeconomic shifts. The move highlights a growing demand for financial autonomy and countercyclical value within the digital asset space.
Monero (XMR) posted a significant 9.82% gain, reaching $403.65, in a broad pre-Federal Reserve crypto market rally that liquidated $297 million in short positions. In contrast, Kaspa (KAS) diverged from the market trend, declining by 5.90%.
Bitcoin miner IREN has completed a $2.3 billion convertible note offering to refinance debt. The move signals growing access to sophisticated debt instruments for crypto firms, reflecting increased market maturity and institutional confidence in the sector.