Yahoo Finance | EN590 Commodities
EN590 Commodities GroupCrude Oil 2026-08-18T13:20:33+00:00
Zcash (ZEC) is recovering from its brutal June selloff, putting BitMEX co-founder Arthur Hayes' earlier$1,000 price targetback in focus, even though Hayes himself exited the token after the crash. As ofAug. 18, ZEC was trading near$511, up about 5% on the day and holding above its major moving averages. Buyers have repeatedly defended the$490–$500 areasince late July. The ZEC/USD pair plunged more than50% on June 5, falling from around$630 to near $310after developers disclosed a critical vulnerability in Zcash's Orchard shielded pool. It briefly traded as low as $250 during the panic before partially recovering from the decline. The flaw could theoretically have allowed an attacker to create anunlimited amount of counterfeit ZECinside the Orchard pool without detection, according toShield
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