ZEC · Daily move · 2026-11-02
Why did Zcash drop 8.0% on November 2, 2026?
ZEC largely moved with the market. ZEC fell further than this on 2 of the past 29 days. No ZEC report was collected from the day before to the day after; the analysis below weighs older evidence.
The broader market’s fall may have contributed, with a reported exchange breach as a possible market-wide trigger. ZEC’s decline was substantially larger than the beta-adjusted Bitcoin move; it first spiked, then fell back sharply.
May have started the movePossible
Bitcoin and many tracked coins fell over the same 24-hour window. Reports of Mercado Bitcoin’s security breach and paused withdrawals appeared at 16:46, 19:05 and 20:19 UTC and may have weighed on market sentiment, but do not show a direct link to ZEC.
What is not shown
The beta-adjusted Bitcoin move accounts for only part of ZEC’s decline, and the reports do not establish that the breach caused a market-wide selloff or when its effects began.
What is still unknown
The timing and cause of the initial spike and subsequent fall are not established, and the breach’s market impact is unclear.
Looked at the 24 hours to Nov 2, 2026, 21:22 UTC
- Day open / close
- $1,235.00 → $1,135.7824 hourly candles, OKX · USDT
- Day range
- $1,127.68 – $1,284.5713.9% from low to high
- Versus the past month
- 2 of the past 29 days fell further-7.99% in the 24 hours to Nov 3, 2026, 00:00 UTC, 2.6× a typical day (3.1%).
- 30-day range
- 18.8% below the high · 8.3% above the lowFrom hourly highs and lows on the same venue
- 24h volume
- 1.3×of its prior 30-day daily average
- Perpetual swap
- funding positive · open interest flatOKX perpetual swap ZEC-USDT-SWAP
Computed from OKX · USDT hourly candles for the 24 hours to Nov 3, 2026, 00:00 UTC. Methods →
ZEC timeline around November 2, 2026
Largest closed hourly move: -4.43%, Nov 2, 2026, 17:00–18:00 (UTC).
3 sharp price swings were flagged; the largest was -1.90% in 5 minutes at Nov 2, 2026, 17:25 UTC.
How often has this happened before?
Since 2017-10-12, ZEC has fallen 7% or more in a UTC day 166 times on Gate · USDT daily closes, counting moves within 7 days of each other once. Seven days later it was higher in 78 of 166 cases, with a median change of -1.42%. This is history, not a forecast.
Latest 10 episodes: 2026-10-22, 2026-10-08, 2026-10-01, 2026-09-23, 2026-09-07, 2026-08-25, 2026-07-13, 2026-06-21, 2026-06-04, 2026-05-22 (UTC)
One venue’s daily closes, before costs; the coin’s own survived history, so it says nothing about coins that no longer trade. Past episodes are not a forecast.