Latest Crypto News: Zcash Pumps 30%, and Bitcoin Prepares for a Breakout

💥 Arthur Hayes Sparks Zcash Frenzy — ZEC to $10k?

Within just 24 hours, Zcash $ZEC.X ( ▲ 14.29% ) - a privacy coin - surged over 30%, jumping from roughly $272 to $363, after a short but powerful post by BitMEX founder Arthur Hayes. His message on X (formerly Twitter) simply read:

That was enough to light the fuse.

The tweet went viral in minutes, setting off a FOMO storm across crypto Twitter. Liquidity flooded in, traders rushed to chase the breakout, and for the first time in three years, ZEC’s market cap topped $5 billion.

But what’s really happening here?

Zcash’s sudden breakout fits into a much bigger “privacy coin” narrative. Governments around the world are tightening surveillance and pushing for more on-chain transparency.

$ZEC.X ( ▲ 14.29% ) has already climbed 490% in the past 30 days, making it one of the top-performing assets of the month.

And this is no meme coin; Zcash has a strong technical foundation, based on zero-knowledge proofs (zk-SNARKs), the same tech powering Ethereum’s scaling layer.

The community reacts

Right after the pump, many people started FOMO-ing hard and shared their excitement on Twitter. For example, Clemente, a council member of the K9Strategy project, admitted that he couldn’t stay on the sidelines and bought ZEC because the FOMO was just too strong.

The problem is that this created an intense wave of FOMO among traders, and it kept spreading rapidly among privacy coins. More and more people began sharing that they were starting to feel FOMO over Zcash.

Meanwhile, Monero $XMR.X ( ▼ 4.14% ) , which is another privacy coin, also saw a 3.6% rise, showing how Hayes’ tweet lifted the whole privacy sector.

The market is beginning to rotate into privacy coins again.

It may be a reaction to the growing sense that privacy will be the next major frontier in blockchain regulation.

My take

Hayes has a track record of front-running macro shifts before the crowd.

Remember his early Ethereum $ETH.X ( ▼ 2.47% ) calls in 2020? If this privacy coin trend holds, we might see a broader rally in smaller caps like Dero, Beam, and Secret Network, too.

To me, ZEC’s spike was emotional. There’s no fundamental upgrade or major listing behind it - just sentiment.

Latest crypto news comes everyday but you need to filter which one to go for. It’s a trade, not a long-term thesis… yet.

🧠 Inside Moves: Garret Jin’s $BTC Short & Trump-CZ Connection

Garret Jin, a trader, quietly opened a $735 million short position on Bitcoin $BTC.X ( ▼ 2.15% ) and a $340 million short position on Ethereum just 30 minutes before the news about Trump’s new tariffs on China broke.

When the announcement hit, markets dumped, and Jin walked away with roughly $200 million in profit within hours. His total net worth is now estimated at $11 billion, making him one of the most liquid private whales in the market.

A few weeks earlier, Jin placed a Polymarket bet predicting that Trump would pardon CZ, Binance’s former CEO.

At the time, it sounded absurd.

But on October 22, it actually happened.

Trump pardoned CZ, allowing him to return to Binance.

a16z, the venture fund, also hinted at “big crypto news coming soon” the same week and that post dropped just days before the pardon.

Following the announcement, DWF Labs started buying heavily. They bought $4 after the biggest liquidation in history and CZ got amnesty $4 increased x2 in 1 day.

For you:

Most major news and internal market moves are known ahead of time by big players and institutions who act before the public.

To survive and grow your wealth in this game, you have to move with the sharks and market makers.

Going solo is risky in crypto; having the right allies and latest crypto news is how you go the distance.

📈 Megaphone Patterns in U.S. Stocks — A Signal for Crypto?

If you’ve been watching the stock market, you may see the S&P 500, Nasdaq, and Dow Jones are all printing a megaphone pattern, which is a rare formation where each high and low expands outward, like an audio cone.

It’s usually a sign of growing volatility and emotional markets.

And every time this pattern shows up, crypto tends to react next.

Why does this matter for us?

Because Bitcoin and the S&P 500 have had a 90%+ correlation during high-liquidity cycles. When stocks wobble, crypto catches the tremor.

The truth is, when the S&P 500 $SPX ( ▼ 0.0% ) surges and enters a bullish cycle, the crypto market, especially the leading assets, tends to follow, though usually with a delay of about 5 to 10 days.

The crypto update from this pattern is simple: volatility is coming.

So what do you do with this?

If you trade short, tighten stops. If you’re positioning for the next leg up, remember that crypto often lags stocks by a week or two. This could set the stage for a powerful November breakout once U.S. indices decide their direction.

Right now, Bitcoin’s chart (we’ll get in next part) mirrors the same “expanding wedge” vibe, which adds weight to this correlation.

Reading the rhythm between markets before it becomes part of the latest crypto news headline!

🧭 Bitcoin & Ethereum Triangle Breakouts

Now to what most of you came here for, the crypto update on Bitcoin and Ethereum.

Bitcoin $BTC.X ( ▼ 2.15% ) 

We can see a clear symmetrical triangle breakout in the 4-hour Bitcoin chart, with price finally pushing above the upper resistance trendline around the $114,500–$115,000 zone.

This pattern typically signals a period of consolidation before a strong move, and in this case, BTC has broken upward with solid momentum.

Volume has also increased slightly during the breakout, confirming that buying pressure is supporting the move.

If Bitcoin can maintain support above the breakout level, the next target range lies between $116,000 and $117,500, aligning with previous resistance zones. However, if it fails to hold and falls back into the triangle, a retest of $112,000 is likely before any further upside.

Overall, this chart reflects a strong technical setup, where BTC is trying to shift from consolidation to continuation mode, which is a potentially key moment for the next short-term rally.

Ethereum $ETH.X ( ▼ 2.47% )  

The 4-hour Ethereum chart also displays a symmetrical triangle breakout, similar to Bitcoin’s structure, signaling renewed bullish momentum after weeks of sideways movement.

ETH successfully broke above the upper resistance line around $4,080–$4,100, confirming a clean breakout with a strong green candle and rising trading volume.

If Ethereum can hold above $4,100, the next resistance zone sits near $4,280–$4,350, a key level that could determine whether ETH continues toward $4,500.

However, if price slips back inside the triangle, short-term support around $3,950–$3,900 may be retested before another push upward.

Overall, this breakout confirms that Ethereum is following Bitcoin’s lead, with both assets showing synchronized bullish setups that hint at an upcoming strong phase in the broader crypto market.

And remember the latest crypto news about Garret Jin’s $340M ETH short (from earlier), which might’ve capped upside temporarily. But after he closed it, ETH has started showing early signs of strength again.

Overall, whenever both BTC and ETH coil like this simultaneously, a major volatility event is coming. And historically, it usually breaks upward when liquidity starts flowing back from traditional markets.

The latest crypto news feeds are mostly focused on airdrops and new tokens, but the real story is coming back to these base-layer crypto.

🔑 Key Takeaway

• Arthur Hayes reignites the privacy coin narrative with a single tweet, sending Zcash $ZEC.X ( ▲ 14.29% ) up 30% and reviving investor interest in privacy-focused projects like Monero and Beam.

• Garret Jin’s billion-dollar shorts and Polymarket bet highlight how insiders often act before the headlines, proving again that whales move first, the crowd follows.

• U.S. stock megaphone patterns signal rising volatility; when the S&P 500 $SPX ( ▼ 0.0% ) rallies, crypto usually follows with a 5–10 day delay. So watch November closely.

• Bitcoin $BTC.X ( ▼ 2.15% ) and Ethereum $ETH.X ( ▼ 2.47% ) both broke out of key triangles, confirming synchronized bullish momentum; maintaining support above $115K (BTC) and $4.1K (ETH) could trigger the next leg higher.

• In this latest crypto news cycle, sentiment and timing matter as much as fundamentals. Follow liquidity - the smartest money always moves first.