Zcash falls below $1,000... down 11.13% in 24 hours

Zcash (ZEC) fell below the $1,000 mark on the 11th, dropping to an intraday low of $993.43 with a 24-hour decline of 11.13%, trading at $1,040.75 at the time of reporting. The move comes just a week after ZEC reclaimed the $1,000 level on the 4th for the first time in 10 years, per OKX pricing cited by PANews. The pullback coincided with broader weakness in major assets, with Ethereum (ETH) and Solana (SOL) each down more than 4% over the same 24-hour window. The reversal matters because it tests whether ZEC's first $1,000 print in a decade can hold as support rather than marking a short-lived breakout. Traders will watch whether ZEC stabilizes above or below the psychological $1,000 line and whether the ETH and SOL declines deepen into a wider market correction.