Zcash leads crypto majors with a 10% gain as bitcoin holds near $87,000
Source: CoinDesk ·
From the source
Falling oil eased inflation worries through the Asian session, while a bill to make the government's bitcoin stockpile permanent moved further through Congress than any before it. Zcash (ZEC) rose 10% to just above $1,616 as of Wednesday Asian morning hours, the largest gain among major tokens, CoinDesk data show. Bitcoin held near $86,900, up 1% over 24 hours. XRP added 6% to just above $1.62 and HYPE 4% to nearly $97. DOGE picked up 4%, while ether, BNB and SOL each gained under 1%. TRX was the only large token to fall, down 1%. Two pieces of Washington news sit behind the tone, some analysts said in an email to CoinDesk. One is the House Financial Services Committee approved the American Reserve Modernization Act on Sept. 17 by 28 votes to 21, sending it toward a full House vote. The second is the U.S. Securities and Exchange Commission stepping in where Congress has not. With the CLARITY Act stalled, the regulator used an innovation exemption to clear a path for onchain trading…