What’s behind the surge in privacy tokens as the rest of the market weakens?

Ethereum traders have increased their leverage as futures dominance rises, setting a price target of $3,400 for ETH. This strategic positioning comes as the cryptocurrency tests critical technical levels, indicating a potential rally if bullish sentiment prevails.

Bitcoin has recently traded above $90,000, with bulls needing to increase trading volume in both the spot and futures markets to sustain this rally. This price movement follows a recovery from a recent low of $80,000, indicating a potential shift in market sentiment.

The Balancer community has proposed a plan to distribute approximately $8 million recovered from a $116 million hack that occurred in November. This initiative aims to provide restitution to the victims affected by the breach, reflecting a commitment to community support and accountability.

Veteran trader Alessio Rastani has expressed a bullish outlook for Bitcoin, predicting a 75% chance of a short-term rally in the cryptocurrency market. This perspective comes amid recent fluctuations in Bitcoin's price, which has seen a recovery from a low of $80,000 to around $87,000.

Bitcoin has seen a resurgence in bullish price targets, with projections nearing $100,000 following a sustained recovery and positive signals from the futures market. This marks a significant shift from recent lows around $80,000, indicating renewed investor confidence.

Global inflation has slowed, yet many countries are witnessing a surge in cryptocurrency adoption as individuals seek alternatives to their local fiat currencies. This trend highlights the growing acceptance of digital assets in the face of economic uncertainty.

Houdini Swap has launched Houdini Pay, a new payment service designed for freelancers that enhances privacy by breaking on-chain links between counterparties, providing a layer of anonymity in transactions. This service aims to cater to the growing demand for privacy-focused financial solutions in the cryptocurrency space.

Grayscale has filed with the SEC to convert its Zcash Trust into the first exchange-traded fund (ETF) linked to Zcash, a move that has sparked discussions about the potential impacts on the cryptocurrency market. This filing comes amid a significant rally in Zcash's price, which has surged over 1,000% recently, despite a notable decline of 30% from its November peak. Analysts are debating whether this development will lead to further price volatility or stabilize the market.