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Zcash Falls 2.02% in One Hour to $1,247 as Long Liquidations Hit $840,000

Zcash was up 1.53% over 24 hours at 5:18 p.m. ET on Oct. 11, while $840,000 in long positions were liquidated during the hourly drop.

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Silver token beside a sharply downward red market gauge / TokenPost.ai
Silver token beside a sharply downward red market gauge / TokenPost.ai

Zcash (ZEC) fell 2.02% in one hour to $1,247 at 5:18 p.m. ET (21:18 UTC) on Oct. 11, dropping from $1,273. Long liquidations totaled $840,000 during the same period.

The price was measured on Binance’s ZEC/USDT spot market. Zcash remained up 1.53% from 24 hours earlier despite the hourly decline.

Long liquidations totaled $840,000 across Binance, Bybit and OKX during the same one-hour period. Short liquidations totaled $0.

Zcash ranked 10th by market capitalization at approximately $21.56185 billion. No confirmed cause for the move was identified.

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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