#ZcashFallsBelow$1000ForFirstTimeSinceSeptemberZcash (ZEC) dropped below $1,000 for the first time since September, a symbolic break after one of the strongest runs in crypto this year. ZEC traded above $1,370 as recently as Friday, when the NU7 upgrade went live, and then fell nearly 15% amid a broader sell-off in privacy coins. The fall followed a September rally that took the coin from roughly $480 to a peak near $1,698. Part of that rally was driven by Grayscale's Zcash ETF (ZCSH), launched on Aug. 25, which drew $233 million in net inflows by mid-September. That ETF has since turned from a source of buying into a source of selling pressure. It recorded about $15 million in net outflows in November through Monday, after about $46 million in October. Leverage made the decline worse. Analysts warned that leveraged longs were being liquidated, which amplified the sell-off after September's surge. Even so, ZEC's gains since the start of the year remain above 120% by one earlier estimate, so many observers see this as a sharp correction in a volatile asset rather than the end of its long-term story. Whether ZEC holds near $1,000 will likely depend on ETF flows, broader crypto market sentiment, and whether the NU7 upgrade's faster block times attract new users. (Zcash Falls Below $1,000 for First Time Since September .$ZEC