ETH Falls Below $1,600 as Bitcoin Drops Under $60,000 Amid Zcash Bug News

Ether fell below $1,600, reaching a 13-month low, while Bitcoin slipped under $60,000 for the first time in months. The move came as news of a vulnerability in Zcash circulated in the market.

ETH Falls Below $1,600 as Bitcoin Drops Under $60,000 Amid Zcash Bug News

What happened?

Ether fell below $1,600, reaching a 13-month low, while Bitcoin slipped under $60,000 for the first time in months. The move came as news of a vulnerability in Zcash circulated in the market.

Why it matters

Ether fell below $1,600, marking a 13-month low, as broader crypto market weakness weighed on major assets. Bitcoin also dropped under $60,000 for the first time in months.

Ether fell below $1,600, marking a 13-month low, as broader crypto market weakness weighed on major assets. Bitcoin also dropped under $60,000 for the first time in months.

The decline in ETH came alongside news of a vulnerability in Zcash, adding to pressure across the market. The source did not provide further technical details about the issue.

Bitcoin’s move below the $60,000 level added to the bearish tone, with traders watching whether the sell-off would extend further. The source framed the move as part of a broader market downturn rather than a single-asset event.

The article also raised the question of whether Ether could move toward $1,400, but did not make a prediction. No additional price targets or timing details were provided.

Source: Cointelegraph

Keep exploring

Related stories

Bitget to Leave Japan and Close Remaining Positions by Year-End

Bitget to Leave Japan and Close Remaining Positions by Year-End

Bitget plans to exit the Japanese market and close all remaining positions by the end of the year. The move adds to ongoing shifts among crypto companies navigating Japan’s regulatory environment.

Read
State of Crypto countdown highlights key industry developments

State of Crypto countdown highlights key industry developments

CoinDesk’s State of Crypto coverage counts down recent developments shaping the crypto policy and market landscape. The report frames these changes as important for how companies and participants navigate the sector.

Read
Strategy Keeps STRC Dividend at 12%

Strategy Keeps STRC Dividend at 12%

Strategy said it is holding the dividend on its STRC preferred stock at 12%. The decision keeps the payout unchanged for investors in the company’s yield-focused security.

Read