ZEC Swings Wildly as Bitcoin Finds Support at $96K

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ZEC exceeded $700 earlier today before it dropped hard but it's still up by double-digits.

The market-wide Friday crash pushed bitcoin south to just under $94,000, which became a new six-month low, before the asset finally bounced off to around $96,000.

Most larger-cap altcoins have failed to produce any impressive recovery attempts, aside from ZEC, which defies market logic.

BTC Settles at $96K
Bitcoin began November at around $111,000 but quickly lost that level and dipped below $100,000 last week. It tried to rebound in the following days, which culminated at the beginning of the business week (on November 11) after US President Trump hinted that the US government shutdown might end soon and promised tariff checks of at least $2,000 for some Americans.

BTC topped $107,000 on Monday but was quickly stopped and driven down to under $104,000. Following a few days of sideways trading around that level, the bears took complete control of the market and drove it south to $98,000. This support held during the previous such correction, but gave in this time.

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