Zcash (ZEC) fell to $530 on Friday as profit-taking hit the crypto market, reversing gains from a recent surge. The decline follows a rally that saw ZEC climb above $570, partly driven by a Wall Street Journal article comparing Bitcoin and Zcash. Grayscale highlighted its Zcash Trust as the only publicly traded Zcash fund, which may have spurred investor interest. In the derivatives market, over $5.1 million in Zcash futures were liquidated in the past 24 hours, with open interest dropping to $978 million from $1.52 billion on May 9. Spot trading volume remained robust at $256 million, while futures volume reached $2.7 billion, indicating ongoing speculative activity. Despite the pullback, market sentiment remains cautiously optimistic, with key support at $500 being closely watched by traders.