Zcash slides below $1,000 as hot US CPI sparks crypto sell‑off
On 11 Nov 2026 Zcash (ZEC) fell beneath the $1,000 psychological level, trading around $983.50 after a 14.5% drop in 24 hours. The slide followed U.S. CPI data that rose 0.4% in October, above the 0.3% forecast, reviving expectations of a 25‑basis‑point Fed rate hike. Over $700 million of crypto positions were liquidated in the same period, including about $35.66 million of long ZEC contracts, while Grayscale’s $1 million ecosystem commitment failed to halt the decline.
Why it matters
The sharp price fall and heavy liquidations signal heightened downside risk for ZEC, with technical analysis pointing to the 200‑day EMA near $880 as the next support level. High open‑interest of $2.456 billion suggests further leverage‑driven volatility if the sell‑off continues.
Key facts
- 1ZEC traded at $983.58, below $1,000, on 11 Nov 2026. cryptotimes.io
- 2The token lost 14.5% of its value in the preceding 24 hours. cryptotimes.io
- 3U.S. CPI rose 0.4% in October, exceeding the 0.3% consensus forecast. tradingpedia.com
- 4Crypto‑wide liquidations topped $700 million in the last 24 hours. tradingpedia.com
- 5Long ZEC positions accounted for $35.66 million of the $40.96 million total ZEC liquidations. cryptotimes.io
- 6Grayscale pledged $1 million to nonprofit projects supporting the Zcash ecosystem. invezz.com
Summary written by AlphAI AI Desk from 10 of 10 sources. Not investment advice. Figures are as stated by the linked sources.