ZEC, DASH Lead as Privacy Coins Defy Broader Market Slide

On November 4, 2025, the cryptocurrency market is experiencing a downturn, with Bitcoin dipping by 3.5%, nearing its October lows of approximately $103,600. Major altcoins like Ethereum and Solana are also declining, as broader market concerns grow due to hawkish remarks from Federal Reserve Chair Jerome Powell and continued selling pressures from long-term wallets. Despite this general bearish trend, privacy coins such as Zcash (ZEC), Decred (DCR), and Dash (DASH) are witnessing significant gains, with some surging by up to 200% in 24 hours, as traders seek refuge amidst the market slump. The CoinDesk 20 Index is also down by 5%, highlighting the overall market decline. A recent flash crash on October 17 adds to the ominous environment for traders, prompting concerns over capital liquidity within the crypto space. In contrast, while privacy coins thrive, traditional finance continues to struggle with factors like rising credit default swaps and a strengthening dollar.

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