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Zcash drops below $1,000 despite Grayscale's $1M support pledge amid ETF outflows and liquidations.

Market News
11 Nov 2026, 15:56 WIB
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Bearish
Zcash drops below $1,000 despite Grayscale's $1M support pledge amid ETF outflows and liquidations.

Zcash (ZEC) fell below $1,000, dropping about 13.5% in 24 hours despite Grayscale's $1 million commitment to support its ecosystem. The selloff follows significant ETF withdrawals and $40 million in futures liquidations, pressuring the price even after a network upgrade aimed at improving transaction speed. The $1,000 level is now a key psychological barrier, with further declines possible if selling continues amid broader market concerns about inflation and Federal Reserve tightening.

Zcash is currently trading at Rp17.993.894 on Pluang, down 14.49% in the last 24 hours. As of Nov 11, 2026 21:02 WIB, the platform shows a market cap of Rp7,04 trillion and a 100% sell order activity, indicating strong selling pressure.

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