ZEC up 34%. BTC hits 3-month high. Here's why.

ZEC up 34%. BTC hits 3-month high. Here's why.

Author: Token Metrics May 6, 2026 Duration: 8:03
BTC hits a 3-month high above $82K. Zcash up 34% on Multicoin backing. Fear & Greed slipped 4 points to 46. The market is moving up while sentiment moves sideways.

Today's key developments:
• Bitcoin cleared $82K for the first time in three months, driven by reports of a US-Iran nuclear agreement - a direct geopolitical risk-off unwind.
• Zcash surged 34% to $574 after Multicoin Capital disclosed a significant investment, dragging Monero up 5.5% in sympathy - the biggest privacy coin day in years.
• Morgan Stanley is launching crypto trading with fees lower than competitors - putting a full-service Wall Street bank directly in the retail crypto brokerage business.


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