Key Highlights:
- Dash and Zcash have experienced a surge in their prices.
- Upcoming regulations in the EU and the US will decide if these coins face restrictions.
- Zcash is supported by Grayscale and the Ethereum Foundation.
Dash and Zcash are jumping sharply today, November 4, 2025, as privacy coins see a big rally. Dash is leading the move and has gained significant attention in the last five days. The main reason behind this surge is because of worries about the EU’s plan to ban privacy coins by 2027 and growing doubts about Central Bank Digital Currencies. The price of Zcash (ZEC) token is also on the rise due to the same regulatory concerns and higher demand for privacy-focused crypto, which is supported by strong technical momentum.
All of this is happening when the entire crypto market is falling apart. The price of all the major cryptocurrencies has plummeted, and the Bitcoin price is hovering below the $105,000 mark.
Dash’s Surge: Privacy Narrative and Technical Momentum
Dash has been one of the strongest performers among the privacy coins as it has managed to jump 231% in a short span of five days. With this jump, the token is way ahead of other (Zcash and Monero) privacy coins. The main surge has come from the EU discussing a possible ban on privacy coins by 2027. This has pushed more people towards decentralized and anonymous digital money.
Another thing to keep in mind is that Dash’s price is now moving on its own. Its correlation with Bitcoin has dropped to -0.33, which means that Dash is not following Bitcoin’s movement and is rising solely because of the privacy narrative.
On the market side, Dash’s rally sped up because of a short squeeze. Open interest in Dash futures climbed to almost $100 million, and funding rates turned strongly negative (indicating that many of the traders were betting on Dash to fall). But when the price suddenly shot above $105, more than $13 million in short positions were liquidated.
This forced the traders to buy back Dash so that they could cover their losses. This pushed the price of the token even higher. The Chaikin Money Flow (CMF) stayed above zero, indicating a strong real buying pressure, and not just speculation.
At press time the price of the token stands at $137.58 with a surge of 65.2% in the last 24-hours as per CoinMarketCap.
Zcash’s Rally: Regulatory Pressure Spurs Privacy Demand
Zcash’s recent price jump is mainly because of increasing pressure from regulators. For example, in recent times, especially in the U.S., the Department of Justice is taking strict action against the developers of the Samourai Wallet, as it was used for $237 million worth of illegal transactions.
This crackdown has reignited a longstanding debate around financial privacy, increasing interest in privacy-focused cryptocurrencies. Because Zcash allows optional transparency through shielded transactions, which have grown 15% month-over-month, more users are turning to ZEC as a privacy alternative.
As a regulatory-friendly alternative to fully anonymous coins, Zcash is being looked at as a “privacy hedge,” a way for users to protect their financial privacy without completely stepping outside the defined regulatory boundaries. Unlike coins that are fully private by default, ZEC offers optional transparency, letting users decide whether to reveal or hide transaction details. This makes Zcash more acceptable to future compliance requirements.
Then there is institutional confidence that is adding fuel to the momentum. The Ethereum Foundation has issued grants so that it can support Zcash-related privacy technology. This shows that the project has recognition from one of the largest ecosystems in crypto.
Additionally, Grayscale Zcash Trust (an investment product by Grayscale that lets institutions invest in Zcash without buying or storing the crypto directly) now holds more than $137 million in assets, and these two signal a strong investor interest.
At press time, the price of the token stands at $464.52 with a surge of 20.85% in the last 24 hours as per CoinMarketCap.
The recent jump in privacy coins clearly indicates that people are interested in both privacy and strong price momentum. Dash is rising because of fears around future privacy rules, and Zcash is going up mainly because of regulatory crackdowns that made people think more about financial privacy.
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