Zcash Gains 6% While Major Cryptos Slip Ahead of Fed Rate Decision

Zcash rose nearly 6% to just above $1,200 in European morning trading on Wednesday, becoming the only major cryptocurrency in the green as markets await the Federal Reserve’s rate decision.

Market Overview

Most leading assets posted losses. XRP fell more than 7% to $1.29. Ether and Solana each slipped about 3%, while Bitcoin, BNB and Tron were down roughly 1%.

Bitcoin traded just under $76,000 after briefly dropping below $75,000 on Tuesday.

Political and Economic Context

The recent decline followed the U.S. Senate’s rejection of the CLARITY Act, legislation that would clarify regulatory jurisdiction for digital assets.

The Federal Reserve is set to announce its policy decision later Wednesday, with markets already pricing in a quarter‑point rate hike.

Analyst Insight

Bitunix analysts told CoinDesk that the magnitude of the Fed’s move matters less than the reaction of long‑term Treasury yields. If yields remain steady despite tighter short‑term rates, it could signal that inflation and fiscal risks are being priced separately from monetary policy.

Looking Ahead

Traders are advised to monitor long‑dated Treasury yields after the Fed decision, as their trajectory may influence crypto market direction.