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Zcash Gains 3.78% in Four Hours to $1,310 on Binance Spot

Short liquidations across Binance, Bybit and OKX totaled $1.54 million in the same hour, compared with $10,000 in long liquidations.

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A silver token balances on the edge of an angled metal ramp / TokenPost.ai
A silver token balances on the edge of an angled metal ramp / TokenPost.ai

Zcash (ZEC) rose 3.78% in four hours to $1,310 on Binance spot at 7:55 a.m. ET Friday, Nov. 6 (12:55 UTC), while its 24-hour gain stood at 1.20%.

The $1,310 observation was from Binance’s spot ZEC/USDT market. ZEC was at $1,263 four hours before the $1,310 observation, the reference points for the reported four-hour change. The exchange, trading pair and observation time define the scope of that price comparison.

ZEC’s 24-hour change was a 1.20% gain, measured over a longer window than the 3.78% rise. Its market capitalization was about $22.34594 billion, ranking it 10th among crypto assets by market value. The market-cap figure gives a separate size measure from the short-term price readings.

In the same one-hour period, Zcash liquidations across Binance, Bybit and OKX totaled $1.55 million. Short liquidations totaled $1.54 million, compared with $10,000 in long liquidations, across Binance, Bybit and OKX. The short-side amount was substantially larger than the long-side amount during that hour.

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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