Key Takeaways Zcash dipped below $1,055 on Friday after higher-than-expected U.S. inflation data sparked a crypto selloff. The altcoin aggregate market cap dropped to $1.17 trillion as high-cap assets like XRP and SOL also suffered losses. Bitfinex warned that high altcoin open interest leaves assets vulnerable to liquidations if bitcoin breaks range. Privacy coin Zcash (ZEC) tumbled Friday, briefly dipping below $1,100 amid a cryptocurrency market downturn initially sparked by the release of hotter-than-expected U.S. producer price index data. Market data show ZEC, which peaked at $1,293 earlier in the week, momentarily dropped to $1,055 before recovering to trade just …


