Zcash, a privacy-focused cryptocurrency, has surged 35% to $664, while Bitcoin fell 2% and Ethereum remained steady. Over the past week, Zcash is up 23% while Bitcoin and Ethereum have fallen 6% and 7%. Market fears over the Federal Reserve holding interest rates steady led to a drop. The Zcash rally has been driven by interest in privacy tech, with the currency up over 1,000% this year. Monero, another privacy coin, rose 125%. Venture capital firm Andreessen Horowitz noted significant privacy milestones in the crypto industry this year. Gemini founders launched a Zcash-focused digital asset treasury, Cypherpunk, purchasing $50 million in Zcash.

Read more at Yahoo Finance: Zcash price surge continues despite market turmoil