Zcash Price Drops Toward $1,000 Following Liquidations and Outflows
Zcash (ZEC) experienced a significant intraday decline of approximately 12% to 14% on Tuesday, briefly touching a low near $999.57. This price action represents the asset's lowest valuation since early September. The downward movement is attributed to derivative liquidations and capital outflows from the privacy-focused cryptocurrency. The current price level marks a nearly 41% retreat from its recent yearly peak of $1,695 achieved on September 26.
Topics: market volatility price drop privacy coins