Zcash Price Crashes Over 10% Amid US Inflation Data-Driven Market Selloff

Zcash's price plummeted more than 10% to below $1,100 following the release of hotter-than-expected US inflation data. The market selloff triggered a broad decline in cryptocurrency prices, with Zcash's market cap falling from over $20 billion to $18.5 billion. Despite this drop, Zcash remains the 10th-largest digital asset.

Other major altcoins like XRP and SOL also declined, dragging the total altcoin market cap down to $1.17 trillion. Analysts warn that high leverage in altcoins could lead to sharp liquidations if Bitcoin breaks its current trading range, signaling potential further volatility ahead.