While Bitcoin stabilized the market, altcoins saw some of the biggest gains, with Zcash emerging as a standout performer. The token surged 27% in 24 hours, driven by strong trading volume and a technical breakout above key moving averages. Short liquidations also added fuel to the rally, amplifying upward momentum.

Zcash’s move highlights how quickly altcoins can outperform during market recoveries. As broader sentiment improves, smaller-cap assets often experience sharper gains due to lower liquidity and higher speculative interest. Whether this momentum continues will depend on overall market stability and sustained buying pressure.