ZEC Outpaces Bitcoin As Zcash Holders Vote To Keep BTC-Style Halvings

• The Zcash token rose more than 7% in the last 24 hours, while Bitcoin's price fell more than 1% to around $75,804.

• The move comes after Zcash Labs committed $80,000 to integrate the Ironwood shielded pool into Ledger hardware wallets.

• Zcash holders voted to cut block times to 25 seconds from 75 and to keep Bitcoin-style halvings.

Zcash (ZEC) outperformed Bitcoin (BTC) on Wednesday after Zcash Labs announced it would fund work to bring the network's new shielded pool to Ledger hardware wallets.

ZEC's price was up over 7% during the past 24 hours, compared to Bitcoin's over 1% loss in the same time, making it the only altcoin to gain among the top ten cryptocurrencies.

See what 10M+ investors are talking about. Get the Stocktwits Daily Rip for what retail is watching right now, free to your inbox

The total market capitalization dropped around 2.5% over the past day, slipping below the $2.7 trillion mark, and liquidations topped $600 million. Bitcoin, the apex cryptocurrency, slipped as it gave up ground after crypto's biggest legislative push of the year, the CLARITY Act, stalled in Washington on Tuesday.

Bitcoin's price traded around $75,804 at the time of writing. On Stocktwits, the retail sentiment around BTC remained in the 'extremely bearish' zone, while chatter around it shifted to 'normal' from 'low' over the past day.