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Why is Zcash down 9.5% today?

$1,141.22-9.46% 24h
Source Gate · USDTSampled
Cause not confirmed · 1 lead

Price chart

Last 24 hours, one sample per 5 minutes. Lines break at venue changes and gaps longer than 10 minutes.

+1.7% 13:41−1.9% 17:25−0.9% 19:36+0.7% 00:15
+1.73% · Nov 2, 2026, 13:41 UTC-1.90% · Nov 2, 2026, 17:25 UTC-0.90% · Nov 2, 2026, 19:36 UTC+0.75% · Nov 3, 2026, 00:15 UTCGate · USDT: Nov 2, 2026, 03:14 → Nov 3, 2026, 03:10High $1,283.70Low $1,133.78
● Gate · USDT2 sharp drops2 sharp risestimes in UTC
Nov 2, 2026, 03:14Nov 3, 2026, 03:10

4 sharp price swings were flagged; the largest was -1.90% in 5 minutes at Nov 2, 2026, 17:25 UTC.

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.

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

Market snapshot

Versus the past month
3.1× a usual day1 of the past 29 days fell further
24h volume
1.2×of its prior 30-day daily average
30-day range
−18.8% from high18.8% below the high · 8.3% above the low
More data (3)
From the 24-hour high
-11.10%High $1,283.70 at Nov 2, 2026, 04:14 UTC
Perpetual swap
funding positive · open interest risingOKX perpetual swap ZEC-USDT-SWAP
A typical hour
0.57% median move1 hour in 100 moved more than 3.96% over the past 30 days

Figures run to Nov 3, 2026, 03:00 UTC (OKX · USDT hourly candles). Methods →

Other notable moves today

Zcash news today and recent events

12 recent events · Follow ZEC by RSS →
03
ZECMarket watch

Zcash jumps 8% to about $1,320 as bitcoin nears $81,000 ahead of Fed decision

CoinDesk reported that ZEC led major cryptocurrencies with an 8% jump to about $1,320, moving back above $1,300 after Monday's selloff. The advance came as bitcoin climbed nearly 2% to just under $81,000 while traders awaited the Federal Reserve's rate decision. Ether gained 2% to just above $2,350, and SOL rose about 2% to $102, according to CoinDesk data.

1 sourceMajor storyView evidence →
04
ZECGeneral news

Zcash Foundation appoints David Campbell as executive director

The Zcash Foundation's board of directors appointed David Campbell as Executive Director, the Foundation said, succeeding Alex Bornstein, who led it since March 2025. Bornstein will stay in a transition role through the end of January 2027. Campbell said his first priorities are keeping Zebra and the Foundation's infrastructure fast, secure and reliable, and making privacy usable for ordinary people.

Official sourceView evidence →
05
ZECProject updates

Zcash Foundation releases Zebra 7.0.0 with NU7 support for Mainnet

The Zcash Foundation announced Zebra 7.0.0, the first stable release supporting NU7 on Mainnet, which activates at block height 3,543,405, planned for around November 5. NU7 cuts target block spacing from 75 seconds to 25 seconds, reserves 60% of each block's transaction fees under ZIP 235, and sets per-block shielded limits. The Foundation said the 21 million ZEC supply cap and four-year halving schedule remain unchanged.

Official sourceMajor storyView evidence →
06
ZECGeneral news

Zcash co-founder proposes halting automatic grants funding as committee treasury tops $125 million

Zcash co-founder Sean Bowe published a draft proposal to end automatic funding for the network's community grants program, according to CoinDesk, which reported that the redirect would send the committee's remaining 8% share of newly created ZEC to a reserve for future mining rewards. CoinDesk said Bowe values the committee's remaining assets at $125.3 million using an illustrative ZEC price of $1,300. The Block reported the proposal cites a treasury of more than $125 million.

3 publishersView evidence →
07
ZECProject updates

Zcash extends gain after developers set upgrade date

Zcash extended a gain after its developers confirmed a November date for an upgrade, CoinDesk reported, in a session where bitcoin rose to a one-week high of around $83,500 as Asian tech stocks rebounded. CoinDesk said SpaceX and Tesla formed committees to explore a merger, combining more than 30,000 bitcoin worth $2.5 billion on their balance sheets.

1 sourceView evidence →
09
ZECProject updates

Zcash developers propose NU7 activation block for November upgrade

Zcash developers agreed at a meeting of Zcash Improvement Proposal editors to set NU7 activation at block 3,543,405, around November 5, CoinDesk reported. Developer Sean Bowe filed the proposal, which cuts block times to 25 seconds from 75 seconds, removes 60% of each block's fees from circulation until miners are repaid around February 2031, and shuts down the Sprout pool.

1 sourceView evidence →
10
ZECMarket watch

Zcash developers set mainnet activation height for NU7 upgrade

CoinDesk reported that Zcash developers set the mainnet activation height for NU7, the network's next upgrade, and that ZEC jumped 11% to about $1,260, leading major cryptocurrencies. According to the report, NU7 cuts block times from 75 seconds to 25 seconds and directs 60% of transaction fees into a reserve paid out over time; it has run on the test network since early October.

1 sourceView evidence →
12
ZECGeneral news

Zakura proposes per-swap keys to stop future quantum computers linking Zcash swaps

Zakura, a developer of Zcash full node software, proposed giving each ZEC swap through NEAR Intents its own incoming viewing key, developer Adam Tucker said in an engineering post announced on Sunday. Swaps currently post a user's shielded address to NEAR's public chain as a refund address; Zakura says a future quantum computer breaking one such address could link every payment the account received. Zcash Open Development Lab CEO Josh Swihart said around $600 million to $700 million had flowed through the NEAR Intents route by May.

2 publishersView evidence →

Research for this archive

Zcash daily moves