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Zcash Drops 2.02% in One Hour to $1,291 Amid Long Liquidations

Zcash fell 5.38% over 24 hours. Long liquidations totaled $630,000 during the same hour, compared with $10,000 in short liquidations.

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Metal cryptocurrency token beside a sharply angled red market marker / TokenPost.ai
Metal cryptocurrency token beside a sharply angled red market marker / TokenPost.ai

Zcash (ZEC) fell 2.02% in one hour to $1,291 at 7:21 a.m. ET (11:21 UTC) on Oct. 7, extending its 24-hour decline to 5.38%.

The move was calculated from public spot prices collected from exchanges, using the ZEC/USDT market on Binance. Zcash traded at $1,318 one hour earlier before falling to the latest level.

Long liquidations totaled $630,000 across Binance, Bybit and OKX during the same one-hour period. Short liquidations reached $10,000.

Zcash ranked 10th by market capitalization at about $22.17855 billion in the supplied market snapshot.

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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