Bitcoin price: Zcash declines below $1,000 for first time since September
Zcash (ZEC) dropped to a two-month low of $962.85 on Wednesday, a day following Grayscale pledged $1 million to nonprofits and projects supporting the Zcash network. ZEC traded above $1,370 as in recent days as Friday, when Zcash activated its NU7 upgrade.
In this article
In the latest Bitcoin price update, Zcash (ZEC) dropped to a two-month low of $962.85 on Wednesday, a day following Grayscale pledged $1 million to nonprofits and projects supporting the Zcash network, according to Cointelegraph. ZEC traded above $1,370 as in recent days as Friday, when Zcash activated its NU7 upgrade.
Key points
- Crypto prices declined further Tuesday following US consumer prices moved higher 0.4% in October from the earlier month.
- It is still the biggest privacy coin by market value, accounting for roughly 60% of the $28 billion category tracked by CoinGecko.
- The category's combined market value dropped roughly 7% over 24 hours.
- Grayscale converted its Zcash Trust into a US spot exchange-traded fund (ETF) that kicked off trading on NYSE Arca on Aug. 25.
- It also made around 12,224 ZEC held in the network's original privacy pool unspendable.
What happened: Bitcoin price
Crypto prices declined further Tuesday following US consumer prices moved higher 0.4% in October from the earlier month, above forecasters' 0.3% forecast. It is still the biggest privacy coin by market value, accounting for roughly 60% of the $28 billion category tracked by CoinGecko. The category's combined market value dropped roughly 7% over 24 hours.
It also made around 12,224 ZEC held in the network's original privacy pool unspendable. Grayscale converted its Zcash Trust into a US spot exchange-traded fund (ETF) that kicked off trading on NYSE Arca on Aug. 25.
According to SoSoValue, the fund recorded around $15 million in net outflows in November through Monday, following around $46 million in October.
Why Bitcoin price matters for traders
Crypto markets trade around the clock and react quickly to regulation, ETF flows, liquidity conditions and broader risk sentiment. Moves in Bitcoin often set the tone for the rest of the digital-asset market.
Changes in interest-rate expectations and institutional flows have become major drivers of crypto prices, linking them more closely to traditional markets.
Market reaction and data
Crypto prices at the time of writing, from Binance spot data (2026-11-11 12:37 UTC):
| Asset | Last price (USDT) | 24h change | 24h high | 24h low |
|---|---|---|---|---|
| Bitcoin (BTC) | 74,030.01 | -0.27% | 74,843.82 | 72,727.27 |
| Ethereum (ETH) | 2,055.99 | -1.51% | 2,109.09 | 2,006.00 |
What to watch next for Bitcoin price
Watch for ETF flow data, regulatory news, large on-chain movements and shifts in overall risk appetite in stock markets.
Follow every update in our Top 10 Crypto News Today, read Stock market today: Kraken parent adds over 200 tokenized UK and EU shares to xStocks or see all of today's top market news.
FAQ
What is the latest Bitcoin price news?
Zcash (ZEC) dropped to a two-month low of $962.85 on Wednesday, a day following Grayscale pledged $1 million to nonprofits and projects supporting the Zcash network.
What moves the price of Bitcoin?
Bitcoin reacts to institutional and ETF demand, regulation, liquidity and interest-rate expectations, as well as general risk sentiment in financial markets.
Where does this information come from?
This report is based on coverage from Cointelegraph, checked against market data where available. It is a summary for information only and not investment advice.
Risk warning: This article is for information only and is not investment advice. Trading forex, CFDs, stocks and crypto carries a high risk of losing money. Prices move fast – check live quotes before you trade.
