Privacy token Zcash (ZEC) surged 23% to trade near $1,369 over the past 24 hours, while Bitcoin (BTC) edged up less than 1% to about $76,258 and Solana (SOL) gained nearly 3%. The broader crypto rebound followed the Federal Reserve's first interest-rate increase since 2023, raising its benchmark rate by a quarter percentage point to a range of 3.75% to 4%. ZEC's surge coincided with comments from Matt Huang, co-founder of prominent crypto investment firm Paradigm, who discussed Zcash's role as a privacy complement to Bitcoin and disclosed his firm's ownership of ZEC.