Zcash Drops 21% From Recent High—Here’s Why the Rally May Not Be Over
60-second summary
Zcash plunges 21% from its recent $1,698 peak as ETF outflows and a suspected North Korean hack that funneled stolen funds through its shielded pool spark sell pressure; traders debate whether the dip signals a temporary correction or the start of a deeper decline, while the broader crypto market watches for potential rebound opportunities.
ZEC is 21% off its $1,698 peak after ETF outflows and a suspected North Korean heist routed money through its shielded pool. Is the run over, or will traders buy the dip?