Zcash price rejected at $500 resistance, yet charts point to another rebound

The post Bitcoin whale places $31M short bet – Will BTC drop to $60K again? appeared on BitcoinEthereumNews.com. Bitcoin [BTC] has closed at lower lows for two consecutive days for the first time in ten days. At press time, Bitcoin traded at $62,714, down 1.04% on the daily charts. Amid this price pullback, traders, especially whales, have begun shorting the market.  Bitcoin whale opens a $31M short As BTC faced rejection, falling to $62k, a whale jumped into the market and opened a short position.  According to Onchain Lens, a whale opened a 40x short position on 493 BTC worth $31 million. With BTC declining, the whale is already sitting on $220k profit after spending $2k in funding fees.  Moreover, the whale’s decision to open a short position showed strong pessimism, anticipating the market to continue declining.  Source: Coinglass Interestingly, this was not an isolated case. After briefly spiking above 1 across all exchanges, the Long/Short Ratio fell back to 0.97 as of writing. 

The post Zcash Founding Scientist Challenges Bitcoin’s 21 Million Cap appeared on BitcoinEthereumNews.com. StarkWare CEO Eli Ben-Sasson, a founding scientist of the privacy coin Zcash, challenged Bitcoin’s 21 million cap this week. He argued that lost private keys will steadily shrink the usable supply and proposed a 4% annual issuance limit instead. The pushback was immediate, since Bitcoin supporters treat the fixed supply as the network’s founding promise. Zcash creator Zooko Wilcox answered with a rival design that keeps hard caps intact. Bitcoin Maximum Supply. Source: BeInCrypto Why Ben-Sasson Says Bitcoin’s 21 Million Cap Fails Ben-Sasson helped invent the STARK proof system now used across crypto and co-authored Zerocash, the 2014 design behind Zcash. His critique starts from the numbers on lost coins. Chainalysis estimated that 2.78 million to 3.79 million BTC were already unrecoverable by 2017. The figure assumes Satoshi Nakamoto’s untouched coins are gone for good. Courts ar

The post Could Bitcoin’s 21 Million Supply Cap Change? Zcash Co-Founder Makes Bold Proposal appeared on BitcoinEthereumNews.com. In a post, Zcash co-founder Eli Ben-Sasson proposes rethinking Bitcoin’s fixed 21 million supply cap. According to Ben-Sasson, capping the supply of Bitcoin at 21 million BTC does not make sense. This is because, over time, keys will be lost. He believes that this will eventually happen over an infinite time horizon. The maximum number of Bitcoins that can ever exist is 21 million BTC. This hard cap on the total Bitcoin supply is a fundamental part of Bitcoin’s monetary policy, which is designed to promote scarcity and prevent inflation. Bitcoin creator Satoshi Nakamoto encoded this limit into the cryptocurrency’s source code. Ripple-Operated Rail Dropped by Major Software Company XRP, Shiba Inu (SHIB), Solana (SOL) and Bitcoin (BTC) Price Analysis for June 8: Momentum Is Not Fueled Yet Zcash Co-Founder Suggests Bitcoin Move Away From Fixed 21M Supply Cap and

The post Zcash Price Prediction 2026: ZEC At $469 After A 19.5% Week appeared on BitcoinEthereumNews.com. On July 8, 2026, every asset in the crypto top 8 declined over 24 hours. Zcash, ranked 14th, rose 4.7%. Over seven days it gained 19.5%, the strongest performance of any large-cap asset on the board. This analysis covers the structure of that move and the two conditions that determine whether it extends: volume persistence and the $440 level. ZEC trades at $469.57 as of July 8, 2026, per CoinGecko. Market cap: $7.88 billion. 24-hour volume: $518.4 million. Weekly change: +19.5%. The Unique Angle: strength against the tape Correlation is the default state of crypto. On red days, nearly everything is red; dispersion is the exception and therefore the information. Today’s tape: Bitcoin minus 0.3%, Ethereum minus 0.9%, XRP minus 3.0%, Solana minus 4.0%, BNB minus 1.8%. ZEC: plus 4.7%. A sub-$500 million token rising against that tape would carry no signal; thin books produce random pri

The post Shiba Inu Price Prediction: Can Robinhood’s 109M SHIB Burn Break the Triangle Before It Breaks Down appeared on BitcoinEthereumNews.com. Robinhood burned over 109 million SHIB in one transaction, the largest single burn in recent weeks The 24-hour SHIB burn rate jumped 3,096% with the 7-day rate up 680% SHIB is compressing inside a descending triangle with all EMAs above price Shiba Inu trades at $0.00000429 on July 8, down 2.05%, as an unprecedented Robinhood-driven burn spike hits the blockchain while the chart shows price trapped inside a tightening triangle. Is SHIB Approaching A Breakout Or Breakdown From Its Triangle? SHIB 1D Price Action (Source: TradingView) The daily chart shows SHIB inside a descending triangle that has been forming since May, with lower highs pressing against a flat support line near $0.0000040-$0.0000042. The Bollinger Bands have tightened sharply, with the upper band at $0.00000475 and the lower band at $0.00000404, one of the most compressed read

The post Zcash price rejected at $500 resistance, yet charts point to another rebound appeared on BitcoinEthereumNews.com. Zcash price has pulled back from the $500 resistance zone after a sharp rally driven by renewed optimism around the upcoming Ironwood upgrade, although technical indicators still favor another attempt higher if key support levels continue to hold. Summary Zcash price has retreated from the $500 resistance after profit-taking, but continues to hold above the key $440 support zone. Technical indicators and liquidation data suggest a break above $480 could trigger another move toward the $500-$540 region. Rising geopolitical tensions, weaker institutional crypto demand, and regulatory pressure remain the biggest risks to the bullish outlook. According to data from crypto.news, Zcash (ZEC) price climbed to an intraday high of around $505 before retreating to about $466 on July 8 as traders locked in profits after a nearly 28% advance. The rejection came as leveraged lo

The post Will Zcash’s ‘formal verification’ of Ironwood clear counterfeiting fears and boost ZEC?  appeared on BitcoinEthereumNews.com. Zcash announced that the newly launched shielded Ironwood pool is being “formally verified” to rule out all undetectable counterfeiting bugs.  Ironwood pool was proposed as a solution after the project’s flagship Orchard pool encountered a counterfeiting bug that could have minted new ZEC tokens. However, given the strong privacy design of the Zcash protocol, it couldn’t be verified whether the bug was exploited or not.  In early June, notable figures in the sector, such as Arthur Hayes, dumped their ZEC holdings and slammed the project for a lack of capacity to prove that the bug was not leveraged to mint new tokens.  The FUD dented market sentiment, dragging ZEC price down to $251 from $640, marking a +60% crash in three days. An attempt to calm the volatility by top privacy supporters failed to materialize.  The ZEC price crash only eased after the

The post Zcash Price Prediction: Can the Ironwood Upgrade Push the ZEC Price Back Above $500? appeared on BitcoinEthereumNews.com. Key highlights: The ZEC price is holding above key moving averages as $480 and $500 remain the next hurdles Zcash’s market cap has fallen to $6.6 billion, though price action continues to recover from earlier lows Ironwood adds a new shielded pool designed to make Zcash’s coin supply independently verifiable Zcash has quietly put together a strong recovery over the past few months. After trading as low as the $140-$260 range earlier this year, the ZEC price has climbed back to around $472, putting one of its biggest resistance zones back into play.   Crypto analyst Ardi believes $480 is the most important price on the chart. That’s because a descending trendline and a horizontal resistance level meet at the same point, creating what he calls a compound resistance. In his view, if buyers can break above that level and hold it, the ZEC price has a good chance