Zcash (ZEC) surged 23% in a single day, reaching about $1,369, as the cryptocurrency outperformed the broader market following the Federal Reserve’s latest policy decision and a decisive community governance vote. The Federal Reserve increased its benchmark interest rate by 0.25 percentage points to a target range of 3.75% to 4%. Chief analyst Jeff Ko at ViaBTC stated that traders had largely anticipated this move and saw it as a sign of gradual, not aggressive, monetary tightening. The Fed’s latest projections placed its policy rate at 4.1% through both 2026 and 2027, suggesting the possibility of only one additional rate hike this year.