Zcash has dropped about 15% from its mid-June highs due to lingering concerns over a critical vulnerability in its Orchard shielded pool, which could have allowed undetectable supply inflation. Despite an emergency patch, uncertainty about exploitation has dampened investor confidence, leading to increased selling and a struggle to maintain gains above $430 resistance. Technical indicators and liquidation data suggest growing downside risk, with the crucial $400 support level now at risk; a break below could see prices fall further to the $343-$350 range. Market conditions remain challenging as broader crypto sentiment weakens amid Bitcoin declines and shifting capital toward safer or yield-generating assets.
Bitcoin fell back to $64,000 after reaching a monthly peak of $65,500 due to profit-taking and geopolitical tensions from Iranian strikes on U.S. bases. Most altcoins also declined as bearish sentiment dominated the market, with XRP futures showing i...
Bitcoin and Ethereum experienced combined outflows exceeding $59 million as traders moved funds into stablecoins like USDT and fiat currencies, signaling a cautious stance in the crypto market. This rotation reflects a short-term defensive strategy, ...
Bitcoin's price slightly fell to $64,164, reflecting broader market caution as equity indices and financial indicators like the US 10-year yield and DXY suggest tighter conditions. Meanwhile, Ethereum gained 2.09% to $1,908, showing selective investo...
Zcash (ZEC) has gained over 16% in the past week, rallying from lows near $368 to around $552 following an 11% jump in one session. This surge is driven by anticipation of the Ironwood shielded pool upgrade expected around July 28, which addresses a ...
Veteran trader Peter Brandt has identified a potential "inverted head and shoulders" bottom pattern in Bitcoin's price, suggesting a possible shift in momentum. However, he cautions that the pattern is unconventional and not yet confirmed. Meanwhile,...
