ZEC surges 23% in 24 hours, nearing all-time high of $1,369

ZEC price jumped 23% in 24 hours to near its all-time high of $1,369 after Paradigm co-founder Matt Huang disclosed holdings in Zcash. Open interest for ZEC rose 37.84% to $2.2 billion with a funding rate of -0.0253%. Meanwhile, the Federal Reserve raised interest rates by 25 basis points to 3.75%-4%, and Bitcoin saw a 0.88% gain to approximately $76,600. U.S. spot Bitcoin ETFs have recorded over $1 billion in net outflows over the past seven trading days.