Zcash (ZEC) lost roughly 14% of its value in 24 hours and was trading around $975, a 42% decline from its multi-year high of about $1,700 reached in September. Its market capitalization fell to nearly $16.6 billion, pushing it out of the top 10 cryptocurrencies as Hyperliquid overtook it. Grayscale said it would reinvest all fees from its Zcash ETF into the network’s development, marketing, community, and education. ZEC’s RSI of 29 indicates oversold conditions, while net outflows from centralized exchanges suggest reduced immediate selling pressure and could support a short-term rebound, even as some analysts forecast a bottom between $800 and $900.
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