Zcash falls below $1,000 for first time since September
Summary
Zcash fell 13.5% to $962.85 on Wednesday, its lowest level in two months, amid a broad crypto sell-off and higher-than-expected US inflation data. It was down 24.5% over seven days, while the wider privacy-coin market also declined. ZEC had traded above $1,370 on Friday, when its NU7 upgrade reduced target block times from 75 to 25 seconds and made roughly 12,224 ZEC in the original privacy pool unspendable. Grayscale’s Zcash ETF saw about $15 million in November outflows through Monday, after $46 million in October.
