The ZCash situation explained! Interview with ZEC bull Mert! BTC below $90K! ZEC falls 19%!

Zcash Sees $3.2M Accumulation After Governance Shock — Is a Rebound Possible?

TLDR: The ZEC price rebounded 17% following a massive drop triggered by rumors of internal restructuring. Large investors and “mega whales” took advantage of the discount to accumulate over $3.2 million. Technical analysis warns of a rising wedge pattern with a potential 30% correction risk. Following an unexpected “shock” in its governance structure, the Zcash (ZEC) network has experienced an extremely volatile week. A sell-off was triggered b…

The ZCash situation explained! Interview with ZEC bull Mert! BTC below $90K! ZEC falls 19%!

Crypto majors fell again yesterday as btc lost $90k; btc -2% at $89,900; eth -3% at $3,100, sol -3% at $134; xrp -7% to $2.08. Lit (+3%), wlfi (+3%) and xmr (+3%) led top movers. Zec fell 19% after the developer team resigned following a dispute with the board; the team has promised to form a new company and continue the mission. Jpmorgan announced plans to launch its jpm coin on the canton network. Barclays invested in ubyx, a u.S. Stablecoin s…