Crypto Market Retreats As Zcash Suffers Double-Digit Drop
- Zcash led market losses with a 16% drop as volatility surged across altcoins.
- Major Layer-1 tokens like NEAR and Litecoin saw over 7% declines amid profit-taking.
- DeFi and Layer-2 tokens fell as risk appetite weakened after Bitcoin and Ethereum swings.
The crypto market recorded a large downturn over the past 24 hours, with widespread losses across major and mid-cap tokens signaling renewed volatility. Market data showed that Zcash (ZEC) faced the largest decline, tumbling 16.39% to $495.54, alongside a rise in trading activity that pushed its 24-hour volume to $3.82 billion.
Beyond Zcash, several altcoins saw double-digit losses. Starknet (STRK) dropped 12.48%, and Dash (DASH) followed closely with a 12.15% fall. Analysts linked the…
