Zcash Rises 2.79% in One Hour While Down 7.69% Over 24 Hours

Zcash (ZEC) rose 2.79% in one hour to $1,175 on Binance's ZEC/USDT spot market at 9:34 p.m. ET on Oct. 12 (Oct. 13, 01:34 UTC), based on direct market-data collection.

ZEC climbed from $1,143 one hour earlier. The move came as the token remained down 7.69% over the previous 24 hours.

Liquidations across Binance, Bybit and OKX during the same one-hour period totaled $2.22 million for long positions and $470,000 for short positions. Long liquidations occur when leveraged bets on higher prices are forcibly closed after the market moves against them.

Zcash had a market capitalization of about $19.301 billion and ranked 10th by market value in the measured data.