Privacy Coins Skyrocket: Zcash, Dash & Others Surge 700% Amid Market Frenzy
Privacy-focused cryptocurrencies are stealing the spotlight as Zcash, Dash, and similar assets post staggering gains.
Here's what's fueling the rally—and why Wall Street can't ignore it.
700% gains in weeks? Even Bitcoin maximalists are taking notice.
Regulators hate them, anarchists love them, and today? Traders are cashing in.
Bonus jab: Meanwhile, traditional finance still thinks 'blockchain' is a type of Excel formula.
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During Monday’s regular trading session, the three major indexes closed higher following progress toward ending the federal shutdown. The Nasdaq Composite jumped 2.27%, its best day since May, while the S&P 500 ROSE 1.54%, and the Dow Jones gained 0.81%.
Investors returned to riskier stocks on Monday after last week’s market drop, which was driven by worries about the AI sector and the U.S. economy. Nvidia (NVDA) rose 5.8%, Alphabet (GOOGL) gained 4%, and Microsoft (MSFT) added 1.9%, breaking its eight-day losing streak. On Monday night, the U.S. Senate passed a bill to fund the federal government through January 30, 2026, aiming to end the longest shutdown in U.S. history.
After market close, newly merged media company Paramount Skydance (PSKY) jumped 6.6% after reporting strong Q3 results and increased cost savings guidance. Also, shares of BigBear.ai (BBAI) rallied over 15% following upbeat Q3 results and news of its Ask Sage acquisition. On the other hand, quantum computing stock Rigetti Computing (RGTI) fell after missing Q3 revenue expectations.
There are no major economic releases expected today amid the continued shutdown. However, Fed governor Michael Barr is expected to speak, and the NFIB Optimism index, a monthly measure of how optimistic small business owners feel about the economy, will be released later in the day.
On the earnings front, Oklo (OKLO), Workhorse (WKHS), and Sea (SE) are set to release their results.
Notably, the U.S. 10-year Treasury yield was up, floating NEAR 4.12%. WTI crude oil futures were trending lower, hovering near $59.84 per barrel as of the last check. Additionally, the Gold Spot U.S. dollar price increased to nearly $4,135 per ounce on Tuesday.
Elsewhere, in Europe, stocks opened higher on November 11, on optimism over a possible end to the U.S. shutdown.
Asia-Pacific Markets Traded Mixed Today
Asia-Pacific markets traded mixed on Tuesday amid a mix of local and regional economic conditions, policy expectations, and corporate earnings outlooks.
Hong Kong’s Hang Seng index increased 0.18%. In China, the Shanghai Composite dropped 0.39%, while the Shenzhen Component declined 0.63%. Meanwhile, Japan’s Nikkei fell 0.14%, and the Topix gained 0.13%.
