Zcash Drops Below $1K as Hot CPI Pressures Bitcoin and Ethereum

TL;DR Zcash fell below $1,000 during the market selloff, with CoinMarketCap later showing ZEC near $1,002 and down about 12.7% over 24 hours. Bitcoin dropped below $73,000 after hotter-than-expected October U.S. CPI data, while Ethereum approached the $2,000 level before recovering modestly. The broader crypto market lost roughly $40 billion in the earlier snapshot, while ZEC’s decline stood out as one of the sharpest among large-cap assets during the volatile session. Zcash fell below $1,000 as the broader crypto market weakened after hotter-than-expected U.S. inflation data pressured Bitcoin and Ethereum. CoinMarketCap showed ZEC near $1,002.52 at drafting time, down about 12.7% over 24 hours after trading as low as $1,001.45. The move erased Zcash’s recent four-digit price cushion while broader risk assets remained under pressure.

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