• The broader crypto market recovered above $2.7 trillion after falling below that level ahead of the Federal Reserve’s rate decision.

• ZEC has gained roughly 160% this year, sharply outpacing Bitcoin.

• Zcash’s move also comes against a backdrop of major Zcash network changes, including Ironwood’s replacement of Orchard.

ZCash (ZEC) hit a record high on Thursday, leading gains among the top 10 cryptocurrencies by market capitalization and outperforming Bitcoin (BTC) during a broader crypto rally following the Federal Reserve’s first rate hike since 2023.

ZEC price rallied more than 13% in the last 24 hours, trading at around $1,350 at the time of writing, paring gains after crossing an…