--- title: "Zcash jumps 8% to about $1,320 as bitcoin nears $81,000 ahead of Fed decision" description: "CoinDesk reported that ZEC led major cryptocurrencies with an 8% jump to about $1,320, moving back above $1,300 after Monday's selloff. The advance came as…" language: en canonical: "https://whycoinmoves.com/en/events/zcash-bitcoin-nears-81-000-ahead-296a21b4ef74db" published: 2026-10-28T04:17:58.000Z updated: 2026-10-28T05:18:58.000Z indexable: true --- # Zcash jumps 8% to about $1,320 as bitcoin nears $81,000 ahead of Fed decision CoinDesk reported that ZEC led major cryptocurrencies with an 8% jump to about $1,320, moving back above $1,300 after Monday's selloff. The advance came as… Attributed sources: [CoinDesk]() ## Key facts CoinDesk reported that ZEC led major cryptocurrencies with an 8% jump to about $1,320, moving back above $1,300 after Monday's selloff. The advance came as bitcoin climbed nearly 2% to just under $81,000 while traders awaited the Federal Reserve's rate decision. Ether gained 2% to just above $2,350, and SOL rose about 2% to $102, according to CoinDesk data. Evidence strength: Single source, 1 publisher group(s) (CoinDesk). After site detection, observed returns were 5 minutes: -0.19% (difference from BTC -0.14 pp; Oct 28, 2026, 04:17 → Oct 28, 2026, 04:22, UTC; Gate · USDT); 1 hour: -0.86% (difference from BTC -0.81 pp; Oct 28, 2026, 04:17 → Oct 28, 2026, 05:17, UTC; Gate · USDT) In the preceding 30 days, the 99th percentile of absolute hourly returns was 3.96% (OKX · USDT; cutoff Oct 28, 2026, 04:17, UTC). ## Returns after site detection | Window | Return | BTC | Difference from BTC | Actual sampled interval (UTC) | Source | | --- | --- | --- | --- | --- | --- | | 5 minutes | -0.19% | -0.05% | -0.14 pp | Oct 28, 2026, 04:17 → Oct 28, 2026, 04:22 | Gate · USDT | | 1 hour | -0.86% | -0.06% | -0.81 pp | Oct 28, 2026, 04:17 → Oct 28, 2026, 05:17 | Gate · USDT | ## Historical hourly baseline | Metric | Value | | --- | --- | | Coverage | 100.0% (720/720) | | Median absolute hourly return | 0.57% | | 99th percentile of absolute hourly returns | 3.96% | | BTC beta | 2.31 | | Source / cutoff (UTC) | OKX · USDT / Oct 28, 2026, 04:17 | ## Claims and open questions - ZEC led the majors, jumping 8% to about $1,320, putting it back above $1,300 after Monday's selloff, CoinDesk reported. - Bitcoin climbed nearly 2% to just under $81,000, clawing back the weekend's slip to nearly $79,000, per CoinDesk. - Ether gained 2% to just above $2,350 and SOL climbed about 2% to $102, according to CoinDesk data. - What drove ZEC's 8% move, and whether it reflects an official Zcash project announcement, would need confirmation from the project or exchange data. - What the Federal Reserve's rate decision and Chair Kevin Warsh's remarks were, and how they affected crypto markets, would need the Fed's official statement. ## Source evidence - [Bitcoin nears $81,000 ahead of Fed decision as ZEC jumps 8%]() — CoinDesk; published Oct 28, 2026, 04:15; received Oct 28, 2026, 04:17 (UTC). ## Recent ZEC events and market reactions - [Euronext halts CoinShares Zcash ETP ahead of debut over settlement concerns]() — Published Oct 28, 2026, 11:24 (UTC) · Single source (1 publisher) · Regulation · 5m -0.07% / 1h -0.67% - [Zcash Foundation appoints David Campbell as executive director]() — Published Oct 20, 2026, 15:49 (UTC) · Official source (1 publisher) · General news · 5m +0.45% / 1h +0.50% / 24h +2.92% - [Zcash Foundation releases Zebra 7.0.0 with NU7 support for Mainnet]() — Published Oct 22, 2026, 16:21 (UTC) · Official source (1 publisher) · Project updates · 5m +0.45% / 1h +0.50% / 24h +2.92% - [Zcash co-founder proposes halting automatic grants funding as committee treasury tops $125 million]() — Published Oct 27, 2026, 06:14 (UTC) · Multiple publishers (3 publishers) · General news · 5m -0.05% / 1h +0.66% / 24h +8.04% - [Zakura proposes per-swap keys to stop future quantum computers linking Zcash swaps]() — Published Oct 19, 2026, 05:23 (UTC) · Multiple publishers (2 publishers) · General news · 5m +0.51% / 1h -0.39% - [Full coin archive]() ## Research for this archive - [Monero XMR and Zcash ZEC: delistings, liquidity and USD vs USDT]() - [Altcoin beta to Bitcoin: BTC, ETH, SOL and DOGE hourly returns]() - [Will Bitcoin go back up? Every crash since 2011 and its recovery time]() - [Do XRP and Solana ETF flows move the price? First-year data]() Evidence levels describe source coverage, not the probability that a report is true. Price moves and their timing cannot establish a cause; minute samples show an observed interval and alert thresholds are heuristics. Explanations are model-assisted, with citations and figures checked. Source titles stay in their original language; full articles are not republished. [Methods and limitations]()