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 token fell below the key support level of $200, with total market liquidations surpassing $1 billion.
- The daily trading volume for ZEC has jumped 26% to over $742 million, according to CoinMarketCap.
The price declines are accompanied by rising trading volume to reinforce the profit taking.
ZEC, one of the outperformers in recent weeks, has fallen nearly 20% in the same time frame.
Author's summary: Zcash price drops to $190 amid crypto pullback.
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