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Zcash Falls 3.73% in an Hour to $1,296 on Binance Spot

The decline was measured at 3:21 p.m. ET (19:21 UTC) Oct. 2. ZEC was down 1.72% over 24 hours.

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A metal coin rests on a market counter in warm light / TokenPost.ai
A metal coin rests on a market counter in warm light / TokenPost.ai

Zcash (ZEC) fell 3.73% in one hour to $1,296 at 3:21 p.m. ET (19:21 UTC) Oct. 2 on Binance’s ZEC/USDT spot pair.

The price was $1,347 an hour earlier. ZEC was down 1.72% over the previous 24 hours.

Long liquidations across Binance, Bybit and OKX totaled $12.98 million during the same hour, while short liquidations totaled $70,000. Liquidations occur when exchanges close leveraged positions after traders can no longer meet margin requirements.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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