---
title: "Why did Zcash drop 6.7% on October 29, 2026?"
language: en
canonical: "https://whycoinmoves.com/en/coins/zcash/2026-10-29"
date: 2026-10-29
---

# Why did Zcash drop 6.7% on October 29, 2026?

On October 29, 2026 (UTC), ZEC went from about $1,311.13 to $1,223.91 (-6.66%) on OKX · USDT, trading between $1,207.47 and $1,398.00. ZEC largely moved with the market. ZEC fell further than this on 4 of the past 29 days. 2 ZEC reports are on the timeline below: 2 published before the largest hourly move and 0 during or after it. Timing alone does not show what caused the move.

- Day open / close: $1,311.13 → $1,223.91 (24 hourly candles, OKX · USDT)
- Day range: $1,207.47 – $1,398.00
- Versus Bitcoin: -6.66% / BTC -4.11%; 24 hours to Oct 30, 2026, 00:00 UTC; the headline uses the live price. About +2.6 points of the move is its own after allowing for Bitcoin
- Versus the past month: 4 of the past 29 days fell further; -6.66% in the 24 hours to Oct 30, 2026, 00:00 UTC, 2.2× a typical day (3.1%).
- 30-day range: 18.1% below the high · 16.7% above the low; From hourly highs and lows on the same venue
- Other tracked coins: 16 of 16 others also fell 2.2% or more
- 24h volume: 2.0×; of its prior 30-day daily average
- Perpetual swap: funding positive · open interest falling; OKX perpetual swap ZEC-USDT-SWAP

Computed from OKX · USDT hourly candles for the 24 hours to Oct 30, 2026, 00:00 UTC.

## ZEC timeline around October 29, 2026

Largest closed hourly move: -5.94%, Oct 29, 2026, 20:00–21:00 (UTC).

- Oct 28, 2026, 04:15 UTC (before the largest hourly move): [Zcash jumps 8% to about $1,320 as bitcoin nears $81,000 ahead of Fed decision](<https://whycoinmoves.com/en/events/zcash-bitcoin-nears-81-000-ahead-296a21b4ef74db>) · CoinDesk — CoinDesk reported that ZEC led major cryptocurrencies with an 8% jump to about $1,320, moving back above $1,300 after Monday's selloff.
- Oct 28, 2026, 11:24 UTC (before the largest hourly move): [Euronext halts CoinShares Zcash ETP ahead of debut over settlement concerns](<https://whycoinmoves.com/en/events/zcash-settlement-concerns-prompt-euronext-halt-84e55e54791ecc>) · Cointelegraph — Euronext suspended CoinShares' Zcash ETP before its debut, a Euronext spokesperson told Cointelegraph, citing "operational settlement requirements." The halt remains in place until settlement operations are supported by the CSD, the…

Prices, market readings and reports are shown side by side; timing alone does not show what caused a move.

## Same-day movers · 2026-10-29 (UTC)

- [Quack AI (Q) -29.02%](<https://whycoinmoves.com/en/coins/quack-ai/2026-10-29>)
- [Pons (PONS) -21.29%](<https://whycoinmoves.com/en/coins/pons/2026-10-29>)
- [Ethena (ENA) -16.29%](<https://whycoinmoves.com/en/coins/ethena/2026-10-29>)
- [NEAR Protocol (NEAR) -14.24%](<https://whycoinmoves.com/en/coins/near/2026-10-29>)
- [Raydium (RAY) -12.52%](<https://whycoinmoves.com/en/coins/raydium/2026-10-29>)

[Zcash (ZEC) price and news](<https://whycoinmoves.com/en/coins/zcash>)
[Methods and limitations](<https://whycoinmoves.com/en/methodology>)