Gate News: On March 19, ZCash (ZEC) increased by 15% within 24 hours, reaching a price of $266 and a market capitalization of $4.5 billion. The rally was driven by the overall strength of the altcoin market, along with Zcash Open Development Lab (ZODL) securing $25 million in funding from Paradigm and Andreessen Horowitz. The funds will be used to develop the Zodl wallet. ZEC’s 24-hour trading volume grew by 73% to $720 million, and open interest surged to $466 million, indicating increased trader participation. Additionally, Hyperliquid’s HYPE token rose by 6.5%, with trading volume doubling to $523 million. The total crypto market liquidation volume reached $500 million, amid market attention on the Federal Reserve’s upcoming interest rate decision, with President Trump calling for an immediate rate cut.
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