Zcash Price Drops Amid Crypto Pullback
Zcash price has dropped sharply to below $200, diving by nearly 20% amid a broader crypto pullback.
The price of Zcash (ZEC) tumbled to lows of $190, with its double-digit declines reflecting widespread market unease triggered by macroeconomic pressures.
- Zcash experienced a sharp decline on Friday, dipping to support around the $190 mark.
- The total market liquidations surpassed $1 billion as the broader crypto market retracement ensued.
- ZEC, one of the outperformers in recent weeks, fell below the key support level of $200.
The price declines are accompanied by rising trading volume, with the daily trading volume for ZEC jumping 26% to over $742 million, according to CoinMarketCap.
Zcash, the privacy-focused cryptocurrency launched in 2016, saw its price fall nearly 20% in the same time frame.
Author's summary: Zcash price drops to $190 amid crypto pullback.