ZCash cools after rallying to 8-year price record on ETF hype

Crypto Insight Summary: Zcash has made a retreat from an eight-year high on Monday, as it has shed part of the rally that saw the privacy coin go up by over 55% in days after Grayscale moved to convert its Zcash Trust into a US spot exchange-traded fund. Zcash (ZEC) rose to over $880 on August 23 before... Crypto Insight Analysis: Direction: Bearish ZEC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: ETF hype fades, causing profit-taking and price correction.