Four days ago, it was the hottest coin on the field. Today, it’s down by a sixth.
$ZEC is now at $1,156.47, down 6.07% in 24 hours—the steepest drop among these major coins. On November 6, it surged to $1,388. Four days later, its closing price had slid from $1,323 to $1,164, and today it dipped as low as $1,142.34. That’s a 16.7% drop from its peak.
But the broader market hasn’t followed suit: $BTC is now at $74,808, up just 0.23% in 24 hours, trading between $73,750 and $75,568 throughout the day—a range of less than 2.5%. $ETH is at $2,125.19, down 0.44%; SOL is down 1.09%, XRP is down 0.82%, while BNB is up 0.36%.
The leading performer has run out of steam, while the broader market waits for news. The Fear and Greed Index is at 32, in fear territory. That’s a slight recovery from yesterday’s 29, but still far from neutral.
The next thing to watch: U.S. October CPI is due out tonight at 21:30. The market expects a 0.3% month-over-month increase, with core CPI up 0.2%. Will ZEC find support at $1,142, or head lower along with the data? This is not investment advice.
$ZEC is now at $1,156.47, down 6.07% in 24 hours—the steepest drop among these major coins. On November 6, it surged to $1,388. Four days later, its closing price had slid from $1,323 to $1,164, and today it dipped as low as $1,142.34. That’s a 16.7% drop from its peak.
But the broader market hasn’t followed suit: $BTC is now at $74,808, up just 0.23% in 24 hours, trading between $73,750 and $75,568 throughout the day—a range of less than 2.5%. $ETH is at $2,125.19, down 0.44%; SOL is down 1.09%, XRP is down 0.82%, while BNB is up 0.36%.
The leading performer has run out of steam, while the broader market waits for news. The Fear and Greed Index is at 32, in fear territory. That’s a slight recovery from yesterday’s 29, but still far from neutral.
The next thing to watch: U.S. October CPI is due out tonight at 21:30. The market expects a 0.3% month-over-month increase, with core CPI up 0.2%. Will ZEC find support at $1,142, or head lower along with the data? This is not investment advice.
