# Zcash outpaces Bitcoin with a reported 23% rally as Paradigm discloses holdings

Canonical: https://chainminute.com/news/c95880fd-a82a-4f24-8b21-fd0ed6d8e3dc
Published: 2026-09-17T16:32:20.846Z
Publisher: Chain Minute

ZEC led major tokens in September 17 morning trading; the move coincided with renewed attention to privacy.

Zcash rose about 23% over a 24-hour period into September 17's Asian morning session, according to [CoinDesk's market report](https://www.coindesk.com/markets/2026/09/17/zcash-jumps-23-as-bitcoin-and-major-tokens-rise-despite-fed-s-first-hike-since-2023). Its snapshot put ZEC near $1,369, compared with Bitcoin's gain of less than 1% to roughly $76,258.

The difference made Zcash a standout within a broader recovery. These are figures from that reporting window, rather than live quotes or closing prices.

## Privacy attention alongside the rally

CoinDesk reported that Paradigm co-founder Matt Huang disclosed the firm's ZEC holdings and discussed Zcash as a privacy-focused complement to Bitcoin. The timing connects the comments to the market narrative, but does not establish how much buying they caused.

The advance followed [the Federal Reserve's September rate increase](https://chainminute.com/news/deed7e1d-b2e1-472f-ad71-4a27ba85e262). Zcash's much larger move also shows why a single macro explanation is incomplete: major coins shared the monetary backdrop but recorded substantially different returns.

## Sources

- [Fed raises rates to 3.75%-4%; Bitcoin briefly rebounds after the decision](https://chainminute.com/news/deed7e1d-b2e1-472f-ad71-4a27ba85e262) — Chain Minute
- [Zcash jumps 23% as bitcoin and major tokens rise despite Fed’s first hike since 2023](https://www.coindesk.com/markets/2026/09/17/zcash-jumps-23-as-bitcoin-and-major-tokens-rise-despite-fed-s-first-hike-since-2023) — CoinDesk

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