{"id":79065,"date":"2026-10-04T23:55:11","date_gmt":"2026-10-04T23:55:11","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/zec-plunges-as-bitcoin-and-ether-hold-key-support-levels\/"},"modified":"2026-10-04T23:55:11","modified_gmt":"2026-10-04T23:55:11","slug":"zec-plunges-as-bitcoin-and-ether-hold-key-support-levels","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/zec-plunges-as-bitcoin-and-ether-hold-key-support-levels\/","title":{"rendered":"ZEC Plunges as Bitcoin and Ether Hold Key Support Levels"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Bitcoin gained 1% to reach $85,500 by Oct. 4, helping crypto market capitalization recover to $2.99 trillion.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Altcoins saw mixed momentum as ether added 0.4% to hit $2,700, while quant surged 39% and zcash plummeted 17%.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Traders are monitoring early \u201cUptober\u201d macro signals to gauge if top digital assets can sustain Q4 gains.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Crypto Market Rebounds After Macro-Driven Dip<\/h2>\n<p>The cryptocurrency market ended a volatile week nearly flat, recovering from a Sept. 29 slump that erased $50 billion in value before a late-week rally driven by \u201cUptober\u201d sentiment. The initial downturn, which briefly knocked aggregate market capitalization down to $2.95 trillion, <a href=\"https:\/\/news.bitcoin.com\/market-updates\/bitcoin-price-holds-83k-oil-surge-limits-gains\/\">coincided with surging oil prices<\/a> and rising Treasury yields.<\/p>\n<p> <iframe src=\"https:\/\/markets.bitcoin.com\/crypto\/bitcoin\/embed\" width=\"100%\" style=\"max-height:500px;height:500px;border:none;overflow:hidden;border-radius:4px\" scrolling=\"no\" title=\"bitcoin market data\"><\/iframe> <\/p>\n<p>Bitcoin led the broader market\u2019s wild swings, closing September up 7% and narrowing its year-to-date losses to 4%. After dipping below $83,000 on Monday, the asset held above that support level until Wednesday, when a brief spike to $85,300 quickly surrendered its gains.<\/p>\n<p>The start of October offered a glimpse into how bitcoin might perform in a month known historically for strong returns. Market data showed bitcoin surging to $87,217 on Oct. 2, <a href=\"https:\/\/news.bitcoin.com\/market-updates\/bitcoin-price-taps-87k-sec-moves-unlock-institutional-custody\/\">matching levels not seen since Sept. 23<\/a>. However, the top cryptocurrency quickly surrendered those gains, sliding to $84,250, just below its weekly open of $84,720. A weekend rebound pushed bitcoin\u2019s price up over $1,200 to close at $85,500, securing a modest weekly gain of nearly 1% and carrying its market cap just past $1.7 trillion.<\/p>\n<h2>Major Altcoins Trade Sideways as Ether Gains 0.4%<\/h2>\n<p>Bitcoin\u2019s range-bound price action extended across high-cap altcoins, most of which turned in even flatter weekly performances. Ether (ETH) tracked bitcoin almost step-for-step, bottoming on Sept. 28 before rallying to a Thursday high of $2,754. A swift sell-off followed, but ETH steadily clawed its way back to $2,700. By Sunday afternoon (3:45 p.m. EST), ETH was trading just over $2,700, up 0.4% for the week.<\/p>\n<p>BNB, meanwhile, was one of a handful of high-cap altcoins with weekly gains in excess of 1%, rising from $778 to $789. Quant (QUANT) and hedera (HBAR) were among the few notable altcoins with impressive gains, jumping 39% and 9%, respectively.<\/p>\n<p>Meanwhile, privacy coin zcash (ZEC), one of the best-performing high-cap altcoins in September, closed the <a href=\"https:\/\/news.bitcoin.com\/market-updates\/zcash-price-slides-23-as-grayscale-etf-hits-reverse\/\">week down 17%<\/a> after plunging from just over $1,600 to $1,332 on Sunday. Other altcoins that logged significant losses included rain (RAIN), down approximately 9%; near (NEAR), down 8.6%; and uniswap (UNI), down 7.3%. Bitcoin cash (BCH), which spiked weeks ago following news of a <a href=\"https:\/\/www.cmegroup.com\/media-room\/press-releases\/2026\/9\/22\/cme_group_to_expandcryptoderivativessuitewithbitcoincashandunisw.html\" target=\"_blank\" rel=\"noopener noreferrer\">CME BCH futures announcement<\/a>, closed down 5.2%.<\/p>\n<p>The mixed altcoin price action dragged their aggregate market cap down from $1.3 trillion at the start of the week to $1.285 trillion by Sunday.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/market-updates\/crypto-weekly-zec-plunges-as-bitcoin-and-ether-hold-key-support-levels\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Bitcoin gained 1% to reach $85,500 by Oct. 4, helping crypto market capitalization recover to $2.99 trillion. Altcoins saw mixed momentum as ether added 0.4% to hit $2,700, while quant surged 39% and zcash plummeted 17%. Traders are monitoring early \u201cUptober\u201d macro signals to gauge if [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":79066,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/79065"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=79065"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/79065\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/79066"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=79065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=79065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=79065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}