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Zcash drops below $1,000 amid US inflation fears and leveraged sell-offs

Market News
11 Nov 2026, 20:29 WIB
Altcoin Buzz
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Bearish
Zcash drops below $1,000 amid US inflation fears and leveraged sell-offs

Zcash fell below $1,000 for the first time since early September, dropping about 14.5% in 24 hours due to a hotter-than-expected US inflation report and leveraged traders liquidating positions. The US Consumer Price Index rose 0.4% in October, above forecasts, triggering market fear and selling pressure on Zcash. The coin's price decline was the steepest among the top 25 cryptocurrencies, with a 23% weekly loss. Grayscale is investing $1 million to support the Zcash ecosystem, but its Zcash ETF saw significant outflows recently. Investors will watch the upcoming US Producer Price Index on November 13 for further market direction.

Zcash is trading at Rp18,226,948 on Pluang, down 2.40% in the last 24 hours with all order activity currently on the sell side. The market cap stands at Rp7.04 trillion as of Nov 12, 2026 01:42 WIB.

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