Zcash’s sharp downturn erases most of its recent bull run, highlighting volatility despite ETF filings and corporate interest in the privacy-focused cryptocurrency.
Zcash’s price has sharply reversed from recent highs near $742, falling to $352 as of December. This downturn erases most gains from its latest bull run, which began below $50. Earlier, ZEC was trading around $470, marking a 7.8% drop in 24 hours despite Grayscale Investments filing for a ZEC ETF and increased corporate treasury interest. The contrast between growing institutional engagement and sharp price declines underscores continued volatility in privacy coin markets.