{"id":250156,"date":"2026-11-11T10:28:09","date_gmt":"2026-11-11T10:28:09","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=250156"},"modified":"2026-11-11T10:28:09","modified_gmt":"2026-11-11T10:28:09","slug":"zcash-zec-dumps-below-1k-bitcoin-btc-struggles-at-74k-after-cpi-reading-market-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=250156","title":{"rendered":"Zcash (ZEC) Dumps Below $1K, Bitcoin (BTC) Struggles at $74K After CPI Reading: Market Watch"},"content":{"rendered":"

The higher-than-expected CPI numbers for October resulted in another major leg down for bitcoin yesterday, with the asset plunging below $73,000, thus charting a near-three-month low.<\/p>\n

The altcoins shed tons of value once again, and ZEC leads the pack. The privacy token has tanked the most over the past 24 hours, dropping below $1,000 for the first time since early September.<\/p>\n

BTC Keeps Struggling<\/h2>\n

It was just a week ago when the markets rebounded from the midterm election shock, in which the Democrats won decisively on numerous fronts. Bitcoin had dropped from $78,000 to $75,600 before it skyrocketed<\/a> to $81,000 as the uncertainty seemingly vanished.<\/p>\n

However, that rally was short-lived, and the bears were back in control less than 24 hours later. The so-called Thursday crash drove Wall Street and crypto south hard, with BTC plummeting from almost $81,000 to $75,200. It dipped further on Friday to $74,800 before it recovered some ground during the weekend and remained close to $76,000.<\/p>\n

Monday began with another nosedive, taking BTC to $73,600. All eyes turned to the US CPI on Tuesday, with bitcoin remaining close to $74,000 ahead of the announcement. Once the MoM data came out higher than expected<\/a>, bitcoin crashed<\/a> further to under $73,000 for the first time since mid-August.<\/p>\n

Although it has rebounded by a grand since then, it still struggles below $74K. Its market cap is well below $1.5 trillion on CMC, but its dominance over the alts has increased slightly to 60.5%.<\/p>\n

<\/a>BTCUSD November 11. Source: TradingView<\/p>\n

ZEC Leads the Pack<\/h2>\n

Zcash is the poorest performer over the past 24 hours. The privacy coin has tanked by 13% and sits below $1,000 as of now. Its main rival, on the other hand, is up by 5.6%. As a result, XMR sits above $575. BTW is the other big gainer today, surging by 10% to $1.08. AVAX has added another 4% of value and trades close to $8.7.<\/p>\n

In contrast, most other larger-cap alts are in the red. ETH has defended the $2,000 support, but it\u2019s still 1.6% down on the day to $2.055. BNB is down to $680, while XRP has tanked to $1.06. SOL, DOGE, HYPE, UNI, QNT, and RAIN have posted losses as well.<\/p>\n

The total crypto market cap has declined by another $40 billion in a day, and it\u2019s down to $2.450 trillion on CMC.<\/p>\n

<\/a>Cryptocurrency Market Overview. Source: QuantifyCrypto<\/p>\n

\u00a0<\/p>\n

The post Zcash (ZEC) Dumps Below $1K, Bitcoin (BTC) Struggles at $74K After CPI Reading: Market Watch<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The higher-than-expected CPI numbers for October resulted in another major leg down for bitcoin yesterday, with the asset plunging below $73,000, thus charting a near-three-month low. The altcoins shed tons of value once again, and ZEC leads the pack. The privacy token has tanked the most over the past 24 hours, dropping below $1,000 for […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-250156","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/250156"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=250156"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/250156\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=250156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=250156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=250156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}