According to CoinMeta, Zcash surged by 82% in August 2026, leading to a strong rebound in the cryptocurrency market. The total market value increased by approximately $500 billion, exceeding $2.7 trillion. The main driving factors were the U.S. Treasury Department's decision to double bond repurchases and the supportive remarks from Treasury Secretary Scott Bessent. After experiencing fluctuations, Bitcoin also saw a recovery towards the end of the year.