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Privacy coin Zcash drops 11% amid leverage unwind and AI encryption concerns

Market News
15 Oct 2026
Decrypt
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Bearish
Privacy coin Zcash drops 11% amid leverage unwind and AI encryption concerns

Privacy-focused cryptocurrency Zcash fell 11% in 24 hours, losing $17.9 million in long positions due to leverage unwinding after a recent price surge. Experts link the drop to concerns that AI could break crypto encryption faster than quantum computers, raising risks for privacy coins like Zcash. Despite the dip, Zcash remains up 460% since March lows, supported by its efforts to quantum-proof and AI-proof its network by January. Privacy demand is expected to grow as traditional finance merges with crypto, making Zcash's technology increasingly relevant.

Zcash trades at Rp19.468.837 on Pluang as of Oct 15, 2026 20:02 WIB, down 10.69% in one day. The market cap stands at Rp7,04 trillion with a 24-hour volume of Rp787,62 million. Pluang users show 100% sell activity and hold Zcash for an average of 107 days, reflecting cautious sentiment after recent volatility.

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