Zcash drops below $1,000 after broad privacy-coin sell-off
In short
Zcash fell nearly 15% and slipped below $1,000 for the first time since September. Cointelegraph said the drop came during a broader sell-off in privacy coins, one day after Grayscale pledged $1 million to ecosystem initiatives.
The move matters because it shows strong selling pressure across privacy coins, not just Zcash.
What the reporting says
The move came amid a broader sell-off in privacy coins, a day after Grayscale pledged $1 million to ecosystem initiatives. The decline shows renewed pressure on privacy-token prices even after the funding pledge.
Why it matters
Zcash dropped nearly 15% and fell below $1,000 for the first time since September. The story highlights pressure on privacy-related crypto assets rather than a single token move alone.