Zcash Tanks Double Digits After ‘Meteoric Rise’ Sees Leverage Build Up
Experts blame a build up in leverage for Zcash's drop in value, as well as growing concerns about AI breaking crypto encryption.
AI summary
Zcash (ZEC) fell by double-digit percentages after a sharp rally that had built up excessive leverage in the market. Analysts attribute the drop to a leverage flush and rising concerns that AI could eventually break crypto encryption. Traders should watch for further deleveraging and monitor how these narratives affect privacy coins.
