Zcash risks slide toward $1,000 as inflation fears outweigh ETF inflows

Key takeaways Zcash traded near $1,111 on Thursday, extending Wednesday’s roughly 6% decline. A sustained four-hour close below $1,115 could expose support at $1,050 and $1,000. ZEC needs to reclaim resistance between $1,242 and $1,264 to ease its near-term bearish outlook. Zcash extends losses despite renewed ETF buying Zcash continued to fall on Thursday as inflation concerns weighed on the broader cryptocurrency market, overshadowing a return to inflows into Grayscale’s Zcash-focused exchange-traded fund. ZEC traded around $1,094 at the time of the report, extending the previous day’s roughly 6% loss. The decline brought the privacy coin below last week’s $1,115 low, although a sustained four-hour close beneath that level remained important for confirming a breakdown. The latest selling extends a correction from Zcash’s late-September peak of $1,698.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to CoinJournal.