*Zcash ($ZEC ) cools off after massive September run*
$ZEC is down ∼21% from its September high of around $1,698, trading near $1,335 on Oct 1st after a 7%+ daily drop.
*Why the pullback?*
- *ETF pressure:* Grayscale's Zcash ETF saw ∼$30.25M in outflows on Sept 30.
- *Profit booking:* ZEC had surged ∼253% from its August/September lows, so a correction was due.
- *Negative sentiment:* Renewed concerns about stolen funds moving via privacy coins weighed on the market.
#ZcashFalls21%FromSeptemberPeak #XRPPostsFirstThreeGreenMonthsInQ3
$ZEC is down ∼21% from its September high of around $1,698, trading near $1,335 on Oct 1st after a 7%+ daily drop.
*Why the pullback?*
- *ETF pressure:* Grayscale's Zcash ETF saw ∼$30.25M in outflows on Sept 30.
- *Profit booking:* ZEC had surged ∼253% from its August/September lows, so a correction was due.
- *Negative sentiment:* Renewed concerns about stolen funds moving via privacy coins weighed on the market.
#ZcashFalls21%FromSeptemberPeak #XRPPostsFirstThreeGreenMonthsInQ3
