
Zcash plunged 10.5% in a day and fell below $1,100: privacy altcoins are falling in sync
Privacy coins are being sold off in sync: ZEC lost 10.5% in a day, Monero - 9.2%. Zcash is now 31.5% below its September level above $1,600.
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Privacy coins are being sold off in sync: ZEC lost 10.5% in a day, Monero - 9.2%. Zcash is now 31.5% below its September level above $1,600.

The crypto market priced in the US midterm election results with gains: BTC rose to $80,500, ETH added almost 6% to $2,433. $469 million in leveraged positions were liquidated in 24 hours.

On November 2, $140 million net was withdrawn from US exchange-traded funds on Ethereum (the fund trades on an exchange like a stock and holds the asset itself). This is the sixth trading session in a row with outflows, and 98.6% of the amount came from a single BlackRock product.

US spot ETFs (exchange-traded funds through which institutions buy cryptocurrency like an ordinary stock) closed October in the red: $1.61 billion was withdrawn from Ethereum funds and $515.03 million from Bitcoin funds. For ETH, this is the largest monthly outflow since launch.

On October 30, US spot Bitcoin ETFs (exchange-traded funds through which Bitcoin is bought like a regular stock) lost $643.33 million - more than they had gathered over the previous four days combined. The streak of inflows was broken by the very first full trading session after the security incident at Binance.

U.S. spot Bitcoin ETFs lost $484.9 million in a single session, marking the largest daily outflow since June 25. After that, October's overall result turned from positive to negative and now stands at about -$163 million.

On October 5, US exchange-traded funds on Bitcoin, Ethereum, and Solana showed a combined outflow of about $117.9 million. The bulk came from BTC funds, from which investors withdrew $89.8 million.