Share this article
Zcash Price Continues Downward Spiral Below $50
Zcash (ZEC) prices fell below $50 for the first time ever on 6th December, less than two months after the token's launch.
Updated Sep 11, 2021, 12:44 p.m. Published Dec 7, 2016, 11:54 a.m.
Zcash fell below $50 for the first time on 6th December, building upon the steady losses it has suffered since going live on 28th October.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The digital currency, which helps counterparties enjoy greater privacy by using zero-knowledge proofs called zk-SNARKS, fell to a low of $46 at 10:30 UTC, Poloniex figures reveal.
ZEC lingered at this low price only briefly, quickly recovering to $47.71 by 10:40.
The cryptocurrency briefly rebounded, hitting $50.71 some 30 minutes later, but at the time of reporting, ZEC tokens had fallen back below the $50 and were trading at sub-$48 levels.
These price fluctuations took place amid relatively modest trading activity, as 24-hour volume did not reach $1.6 million at any point during the session, according to CoinMarketCap.
Zcash prices have experienced some sharp declines since the digital currency went live on 28th October, when ZEC surged to roughly 3,300 BTC (more than $2 million) but dropped to 48 BTC the same day.
Within a few weeks, Zcash prices had declined to 1 BTC. Now, their steady, downward movement continues.
Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership in the startup developing the open-source Zcash platform.
Stairway image via Shutterstock
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Bitcoin pushes above $90,000 as traders eye change in pattern
Particularly hard-hit in 2025's final sessions, crypto-related stocks are bouncing in this year's first trading day.
What to know:
- Bitcoin rose above $90,000 during U.S. trading hours on Friday.
- It's a notable change in trend, as crypto prices late in 2025 were typically on the defensive while American stocks traded.
- Strategy, Coinbase, Hut 8 and Galaxy Digital were among the crypto-related stocks seeing strong gains.
Top Stories
