Zcash (ZEC), a privacy-focused cryptocurrency, has successfully navigated a tumultuous market period, bouncing back from substantial losses incurred during Friday’s crash, where its price tanked by 45%, plummeting from around $273 to $150 after a controversial tariff announcement from President Donald Trump, which sent ripples throughout the crypto world.

By Saturday, ZEC rebounded to a high of approximately $291, with current valuations settling around $273. Despite a tumultuous market environment, ZEC’s performance is notable as many other cryptocurrencies continue to languish in double-digit declines from prior peaks. For instance, Ethereum (ETH) has seen a slump of about 22% from its recent all-time high of $4,957.

The volatility on Friday was exacerbated by Trump’s social media posts declaring 100% tariffs on imports from China, igniting fears of renewed trade war tensions. Before this shift, ZEC had undergone a significant rally from $74 at the beginning of October to its recent peak.

Zcash experienced remarkable price growth recently. Source: TradingView
Zcash experienced a massive rally in October and is trading at pre-crash levels.

ZEC’s noteworthy resilience serves as a silver lining amidst the overall market challenges, with many traders left frustrated by the recent losses of over $20 billion in the crypto sector following Trump’s remarks.

Related: Bitcoin may get ‘dragged around a bit’ amid Trump tariff fears: Exec

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Summary of President Trump’s Market Impact

On Friday, two posts by Donald Trump caused significant movement in crypto markets, hinting at escalated trade tensions. His remarks about a recent meeting with Chinese President Xi signaled potential diplomatic breakdown, further igniting fears of a trade war resurgence, which had previously devastated the markets back in April.

Trump’s tariff announcement is set to take effect as early as November 1, 2025.

Source: Donald Trump