Zcash risks slide toward $1,000 as inflation fears outweigh ETF inflows

Zcash traded near $1,111 on Thursday, extending Wednesday's roughly 6% decline, as inflation fears outweighed renewed ETF buying. A sustained four-hour close below $1,115 could expose support at $1,050 and $1,000. ZEC needs to reclaim resistance between $1,242 and $1,264 to ease its near-term bearish outlook.