Zcash Privacy Claims Challenged by Arkham Intelligence
- Privacy Model Challenge: Arkham Intelligence's research indicates that over 53% of Zcash transactions have been labeled, linking approximately $420 billion in ZEC volume to identifiable individuals and institutions, directly questioning the effectiveness of Zcash's privacy model.
- Tracking Scope: The study covers 48% of transaction inputs and outputs and 37% of total ZEC balances (around $2.5 billion), revealing that the use of transparent addresses dominates the Zcash network, impacting user confidence in privacy.
- Founder’s Response: Zcash founder Zooko Wilcox emphasized that fully shielded transactions remain cryptographically protected, asserting that Arkham cannot access the shielded pool, indicating that Zcash's privacy mechanisms are still effective to some extent.
- Market Reaction: As ZEC prices surged due to quantum computing concerns and the approaching NU7 upgrade, Arkham's disclosure sparked widespread discussion about Zcash's privacy capabilities, potentially affecting investor confidence in the cryptocurrency.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 42920.899 | 51025.905 | 58065.649 | 66170.655 | 73210.399 | 81315.405 | 88355.149 |
| Fibonacci | 51025.905 | 56811.199 | 60385.36 | 66170.655 | 71955.949 | 75530.11 | 81315.405 |
About BTC
About the author
