📉 ZEC Drops 11% in 24 Hours – What's Behind the Fall?
ZEC has dropped around 11% in the last 24 hours, putting pressure on buyers.
There are two major reasons behind this decline:
🔹 Market Fear: Higher-than-expected US CPI data increased concerns about interest rates and triggered a broader market sell-off. This also led to heavy liquidations.
🔹 Capital Outflows: More than $25 million flowed out of the ZEC spot market within 24 hours, showing strong selling pressure.
Always do your own research. Not financial advice.
$ZEC
ZEC has dropped around 11% in the last 24 hours, putting pressure on buyers.
There are two major reasons behind this decline:
🔹 Market Fear: Higher-than-expected US CPI data increased concerns about interest rates and triggered a broader market sell-off. This also led to heavy liquidations.
🔹 Capital Outflows: More than $25 million flowed out of the ZEC spot market within 24 hours, showing strong selling pressure.
Always do your own research. Not financial advice.
$ZEC
