Zcash loses $1,000 as dormant wallets send ZEC coins to exchanges
Zcash fell below $1,000 as leveraged traders abandoned bullish positions and selling pressure intensified. Data from CoinMarketCap showed ZEC at approximately $965 on Nov. 12, after a 24-hour low near $953. The decline has exposed vulnerabilities in ZEC's market structure, with research showing heavy selling across derivatives exchanges and fresh deposits from previously inactive wallets.… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Key Takeaways
- Zcash fell below $1,000 as leveraged traders abandoned bullish positions and selling pressure intensified.
- Data from CoinMarketCap showed ZEC at approximately $965 on Nov.
- 12, after a 24-hour low near $953.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Regulation
Illinois Crypto Tax Draws Unlikely Alliance of DOJ, Banks and DeFi
The DOJ, the U.S. Chamber of Commerce, SIFMA and a crypto coalition led by a16z, Paradigm and Uniswap filed briefs backing a lawsuit to strike down the state’s 0.2% levy on digital asset transactions.
CFIX Secures VARA In-Principle Approval, Advancing CFI Financial Group’s Virtual Assets Strategy
Dubai, United Arab Emirates – 11th November 2026: CFI Financial Group (CFI), a globally recognized leader in online trading services, today announced that CFIX Virtual Assets Broker & Dealer Services L.L.C.S.O.C (“CFIX”), its dedicated virtual assets entity…
Illinois crypto tax is impossible to enforce as written, crypto industry tells court
The legal battle to head off the crypto transaction tax in Illinois has drawn up a hefty roster of industry opposition, and they're saying the tax won't work.