Zcash drops nearly 8% as ETF outflows and hawkish Fed signals weigh on crypto
- —Zcash fell 7.9% to $1,205, the worst performer in the top-coin selection
- —US Bitcoin ETFs saw $487.1 million in net outflows; Ethereum funds lost $160.8 million
- —Bitcoin dipped to $81,800, its lowest since September 21, before rebounding to $82,500
- —Grayscale's Zcash ETF shed $8.5 million in a single day
Why it matters: ETF outflows and hawkish Fed comments are pressuring crypto broadly, with Zcash facing the heaviest selling.
Source: Crypto Insiders