ZEC Surges to $1K as Grayscale ETF and Mining Profits Drive Zcash Higher

• ZEC hit $1,021, breaking above $1,000 for the first time.
• Grayscale’s ZCSH ETF listing helped strengthen Zcash’s bullish momentum.
• Mining profits and rising derivatives activity could support further ZEC gains.

Zcash — ZEC, has finally broken above the $1,000 mark, setting a fresh record. ZEC reached $1,021 on September 4 after another powerful rally. The privacy coin gained momentum following Grayscale’s U.S. spot ETF listing. Strong mining profits have added another layer of support, while traders now watch for further gains.

Grayscale ETF Adds Fresh Momentum to Zcash

ZEC reached $1,021 on September 4, breaking a major psychological barrier. This marked the first time Zcash traded above $1,000. The move followed strong gains during the previous trading session. On September 3, ZEC reached an intraday high near $979. ZEC gained nearly 17% during that September 3 session. The broader performance looks even stronger across longer timeframes. ZEC has gained more than 88% during the past 30 days.

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