ZEC Token Drops 2.41% Amid Regulatory Pressure and 57.8% Volume Surge on Binance

ZECUSDT has experienced a 2.41% price decrease in the past 24 hours, with the current price at 349.78 USDT on Binance. This decline is primarily attributed to reduced long positions among leveraged traders, negative spot net flows, and notable liquidations, reflecting increased sell-side dominance. Additionally, regulatory actions such as India’s Financial Intelligence Unit banning privacy coin trading have added downward pressure on sentiment and liquidity for Zcash. The market has seen heightened volatility, evidenced by a 57.80% surge in trading volume and a 24-hour price range between 325.00 and 363.35 USDT, indicating significant trading activity and a prevailing bearish outlook among traders.