October 15th 2026, 7:37 AM
Zcash Price Plunges Amid Inflation Fears
Key Summary
Zcash traded near $1,111 on Thursday, extending a 6% decline from Wednesday, as inflation concerns outweighed renewed ETF buying. The US Consumer Price Index showed annual inflation of 3.7%, fueling concerns about persistent inflation and further interest rate hikes, weakening appetite for cryptocurrencies. Despite improved demand through ZEC investment products, Zcash remains under pressure, with a sustained four-hour close below $1,115 potentially exposing support at $1,050 and $1,000.
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Zcash traded near $1,111 on Thursday, extending a 6% decline from Wednesday.
Inflation Concerns
The US Consumer Price Index showed annual inflation of 3.7%, fueling concerns about persistent inflation and further interest rate hikes, weakening appetite for cryptocurrencies.ETF Inflows
Grayscale's Zcash-focused fund, ZCSH, recorded $3.68 million in inflows on Wednesday, ending two consecutive days of withdrawals.Technical Analysis
Zcash's four-hour chart retains a bearish bias, with the price trading well below two important moving averages.Zcash, Grayscale, US Consumer Price Index
Regulatory Enforcement
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#Zcash#Crypto#Inflation#ETF#Grayscale