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Zcash Drops 2.1% in One Hour to $1,181 as Daily Loss Widens

The token fell 6.91% over 24 hours, while long liquidations reached $280,000 across three major exchanges.

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Silver shield coin resting on a dark exchange counter / TokenPost.ai
Silver shield coin resting on a dark exchange counter / TokenPost.ai

Zcash (ZEC) fell 2.11% in one hour to $1,181 at 11:49 a.m. ET (15:49 UTC) on Oct. 13, extending its 24-hour decline to 6.91%. The price was $1,207 one hour earlier.

The move was recorded from Binance's spot ZEC/USDT market as part of TokenPost's direct collection of publicly available exchange prices. The same one-hour period produced $280,000 in long liquidations and $40,000 in short liquidations across Binance, Bybit and OKX.

Zcash ranked 10th by market capitalization at about $20.33933 billion. No confirmed cause for the decline was 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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