Zcash (ZEC) fell 13.5% over 24 hours to $962.85, a two-month low, amid a broader sell-off in privacy cryptocurrencies. Its decline reached 24.5% over seven days, compared with 5.8% for Bitcoin and 11.6% for Ether. The drop followed Grayscale’s pledge of $1 million to organizations and projects supporting the Zcash ecosystem. The combined market capitalization of privacy cryptocurrencies fell about 7% in 24 hours, while Zcash remained the largest in the category, accounting for nearly 60% of the $28 billion tracked by CoinGecko. Grayscale’s spot exchange-traded fund, which began trading on August 25, also recorded about $15 million in net outflows in November following $46 million in October.
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