Zcash Rises 10% Among Major Cryptocurrencies While Bitcoin Stays Near $87,000

WHY IT MATTERS

Cryptocurrencies do not all move in the same direction or by the same amount at the same time. Zcash is a privacy-focused cryptocurrency, meaning it is designed to let users keep transaction details private — somewhat like sending cash instead of writing a check that anyone can read. When one cryptocurrency gains significantly more than others in a short period, it is sometimes called "outperforming" the market. Bitcoin, the largest cryptocurrency by market value, is often used as a benchmark to compare how other digital assets are doing, similar to how stock investors might compare individual stocks to a major index like the S&P 500.