Zcash Crashes 15% Below $1,000 — What Happened to $ZEC
Zcash is today's biggest loser. $ZEC fell about 15% in 24 hours to around $980, dropping below $1,000 for the first time since early September — and it has slipped out of crypto's top 10 to number 11.
What happened: The fall follows Tuesday's hot US inflation report — CPI rose 0.4% in October, above the 0.3% expected (released 6:30 PM PKT) — which raised the odds of a bigger Fed rate hike in December. But ZEC fell hardest because it had risen the most: it is still up about 89% in 2026 after reaching $1,695 on September 26.
Three things made the drop faster: over $16.5 million in leveraged long positions were liquidated in 24 hours, about 88% of them longs; Grayscale's Zcash Trust saw more than $15 million in outflows in November; and traders sold after the NU7 upgrade on November 6 — even though the upgrade worked, cutting block times from 75 seconds to 25 seconds.
Levels to watch: ZEC broke support at $1,030–$1,050. A daily close back above $1,050 would be the first sign the selling is easing. Today's low was near $961 — if that breaks, the slide could deepen.
Nothing is wrong with Zcash itself: no hack, no network problem. This was leverage and profit-taking after a huge rally.
Do you think ZEC bounces back above $1,000, or does the slide continue?
Educational content only, not financial advice.
#BinanceSquare #WriteToEarn #Zcash #PrivacyCoins
Zcash is today's biggest loser. $ZEC fell about 15% in 24 hours to around $980, dropping below $1,000 for the first time since early September — and it has slipped out of crypto's top 10 to number 11.
What happened: The fall follows Tuesday's hot US inflation report — CPI rose 0.4% in October, above the 0.3% expected (released 6:30 PM PKT) — which raised the odds of a bigger Fed rate hike in December. But ZEC fell hardest because it had risen the most: it is still up about 89% in 2026 after reaching $1,695 on September 26.
Three things made the drop faster: over $16.5 million in leveraged long positions were liquidated in 24 hours, about 88% of them longs; Grayscale's Zcash Trust saw more than $15 million in outflows in November; and traders sold after the NU7 upgrade on November 6 — even though the upgrade worked, cutting block times from 75 seconds to 25 seconds.
Levels to watch: ZEC broke support at $1,030–$1,050. A daily close back above $1,050 would be the first sign the selling is easing. Today's low was near $961 — if that breaks, the slide could deepen.
Nothing is wrong with Zcash itself: no hack, no network problem. This was leverage and profit-taking after a huge rally.
Do you think ZEC bounces back above $1,000, or does the slide continue?
Educational content only, not financial advice.
#BinanceSquare #WriteToEarn #Zcash #PrivacyCoins
