CryptoMedium•11 November 2026•
1 min read
Zcash Drops 13% Following US Inflation Data as Selling Pressure Outweighs Grayscale Support
Key Facts
1Zcash price dropped 13% in 24 hours, falling below the psychological $1,000 level.
2US CPI data showed a 0.4% increase in October, exceeding the expected 0.3% rise.
3Selling pressure overshadowed Grayscale's recent $1 million push to support the Zcash ecosystem.
Zcash price dropped 13% in 24 hours, falling below the psychological $1,000 level. Invezz reported that the selling pressure overshadowed a recent $1 million push by Grayscale to support the Zcash ecosystem.
The decline followed US CPI data showing a 0.4% increase in October 2026, exceeding the expected 0.3% rise. According to reports from November 10, 2026, the Consumer Price Index reached 337.511, fueling broader market concerns regarding monetary policy.