ZEC Is Getting Hammered Harder Than Everything Else Right Now

While the broader crypto market bleeds, Zcash is taking an absolute beating. The privacy coin just can't catch a break — down 33% over the past seven days and another brutal 19% vanished in the last 24 hours alone.

Currently hovering around the $360 mark, ZEC has shed more than half its value since peaking in November. That's a vicious 50%+ drop from the highs, putting it firmly in the red compared to most major tokens during this downturn.

What's driving this disproportionate selloff? Privacy coins have been under regulatory scrutiny for months, and ZEC seems to be bearing the brunt of risk-off sentiment. Traders are clearly rotating out of assets with compliance question marks, and Zcash fits that profile perfectly.

The technical picture looks grim too — no major support levels held during this leg down. Whether this is capitulation or just the beginning of deeper pain remains to be seen, but one thing's clear: ZEC holders are feeling maximum pressure right now.