ZEC Dips Below $1,100 as Market Selloff Triggers Altcoin Pullback
Privacy coin Zcash (ZEC) fell below $1,100, dropping over 10% to a $18.5 billion market cap following a broader market pullback. Privacy coin Zcash (ZEC) tumbled Friday, briefly dipping below $1,100 amid a cryptocurrency market downturn initially sparked by the release of hotter-than-expected U.S. producer price index data. Market data show ZEC, which peaked at […]
Key Takeaways
- Privacy coin Zcash (ZEC) fell below $1,100, dropping over 10% to a $18.5 billion market cap following a broader market pullback.
- Privacy coin Zcash (ZEC) tumbled Friday, briefly dipping below $1,100 amid a cryptocurrency market downturn initially sparked by the release of hotter-than-expected U.S.
- producer price index data.
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in DeFi
Bitcoin Price Spikes Near $80K as CPI Matches Forecasts
Bitcoin briefly spiked to $79,837 following the release of August CPI data that matched projections, but volatile intraday trading triggered over $732 million in crypto liquidations. Volatile Trading Triggers $732M in Liquidations Bitcoin briefly reclaimed…
Bitcoin spikes toward $80K as US CPI data delivers new 22-year high in bond yields
Bitcoin briefly rebounded past $79,000 and US stocks turned green as US CPI inflation data met expectations.
CPI and PPI climb, crushing hopes for cheap money and leaving Bitcoin traders with an expensive dilemma
US consumer prices increased faster in August, giving the Federal Reserve another reason to be cautious about lowering interest rates and leaving Bitcoin investors exposed to a prolonged period of expensive borrowing. The Consumer Price Index (CPI) rose 0.4%…