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Zcash Drops 2.09% in One Hour to $1,240 as Long Liquidations Hit $1.58M

ZEC fell from $1,267 over the same period and was down 2.82% over 24 hours. The figures were measured at 12:59 p.m. ET on Oct. 12.

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A metallic coin rests on a tilted glass surface / TokenPost.ai
A metallic coin rests on a tilted glass surface / TokenPost.ai

Zcash (ZEC) fell 2.09% in one hour to $1,240 as of 12:59 p.m. ET (16:59 UTC) on Oct. 12, extending its 24-hour decline to 2.82%.

The price dropped from $1,267 to $1,240 over the hour. The measurement used Binance’s spot ZEC/USDT market and TokenPost’s direct collection of exchange prices.

Long liquidations totaled $1.58 million across Binance, Bybit and OKX during the same period. Short liquidations reached $140,000.

The move leaves ZEC lower on both the one-hour and 24-hour measures, with no confirmed cause provided in the available market data.

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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