--- title: "Why did Zcash drop 8.0% on November 2, 2026?" language: en canonical: "https://whycoinmoves.com/en/coins/zcash/2026-11-02" date: 2026-11-02 --- # Why did Zcash drop 8.0% on November 2, 2026? 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. On November 2, 2026 (UTC), ZEC went from about $1,235.00 to $1,135.78 (-7.99%) on OKX · USDT, trading between $1,127.68 and $1,284.57. 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. 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. ## What may be driving the move 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. - trigger · medium: 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. Evidence gap: 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. Sources: [S5](), [S10](), [S11](), [S12]() Open question: The timing and cause of the initial spike and subsequent fall are not established, and the breach’s market impact is unclear. Analysis generated: 2026-11-02T21:23:11.000Z; evidence window: 2026-11-01T21:22:57.000Z → 2026-11-02T21:22:57.000Z. - Day open / close: $1,235.00 → $1,135.78 (24 hourly candles, OKX · USDT) - Day range: $1,127.68 – $1,284.57 - 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 low; From 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 flat; OKX perpetual swap ZEC-USDT-SWAP Computed from OKX · USDT hourly candles for the 24 hours to Nov 3, 2026, 00:00 UTC. ## ZEC timeline around November 2, 2026 Largest closed hourly move: -4.43%, Nov 2, 2026, 17:00–18:00 (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. | After the move | Cases | Higher | Median change | | --- | --- | --- | --- | | Next day | 166 | 106 | +1.46% | | 7 days later | 166 | 78 | -1.42% | | 30 days later | 164 | 66 | -6.61% | 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. Prices, market readings and reports are shown side by side; timing alone does not show what caused a move. ## Same-day movers · 2026-11-02 (UTC) - [Akedo (AKE) -40.85%]() - [Aria.AI (ARIA) +38.56%]() - [Holo (HOT) +17.94%]() - [Rain (RAIN) +11.59%]() - [Lisk (LSK) -11.36%]() [Zcash (ZEC) price and news]() [Methods and limitations]()