Zcash falls nearly 30% from September high amid prolonged crypto selloff
Zcash has dropped nearly 30% from its September peak amid a broader crypto selloff. Key catalysts include a potential spot ETF and the NU7 network upgrade.
As of September 2026, an average US worker needs 12 months of full-time wages to buy one bitcoin, down from 18 months in October 2025.
The average US full-time worker now needs more than a year of wages to afford a single bitcoin. That has not been true for most of bitcoin's history.
The calculations are on a pretax basis before living expenses, based on a full-time private sector employee using entire wages to acquire bitcoin.
Despite how expensive bitcoin appears now, it is actually cheaper in terms of wages compared to its July 2025 peak.
In July 2025, the average bitcoin price was $115,101, requiring 394 full-time workdays (1.6 years) for the median US worker.
Measured in average US wages, the cost of bitcoin has fallen since that 1.6-year peak in mid-2025.
Data comes from the US Bureau of Labor Statistics' private sector average pay rates.
The data begins on October 12, 2009, when New Liberty Standard sent Martti Malmi $5.02 for 5,050 BTC — the first time bitcoin was sold for US dollars. Before that date and for over a year after, the price was essentially zero or negligible.
Since 2009, bitcoin has climbed from fractional pennies to an expense that takes years of post-tax, post-living savings.
Share to
Disclaimer: this article comes from third-party media and is provided for reference only. It does not constitute investment advice. Crypto and other financial products carry significant price volatility risk, so please make your own decisions carefully.
Zcash has dropped nearly 30% from its September peak amid a broader crypto selloff. Key catalysts include a potential spot ETF and the NU7 network upgrade.
Santiment reports Solana's network growth jumped 124% since early September, adding 1.71 million new wallets daily.
Bitget is expanding institutional custody and settlement options, from off-exchange models to regulated custodians, as more hedge funds add crypto exposure.
XRP fell for a fourth day as negative funding rates and rising U.S. Treasury yields weighed on sentiment, with key support near $1.400 under threat.