Zcash Drops 2.05% in One Hour to $1,197 on Binance Spot

Zcash (ZEC) fell 2.05% in one hour to $1,197 at 2:31 a.m. ET on Nov. 9, with $740,000 in long positions liquidated across three exchanges during the same period.

The Binance spot price for ZEC/USDT was $1,222 one hour earlier. That was a $25 drop between observations of the same trading pair on the same exchange. ZEC was also down 5.27% over the previous 24 hours at the latest observation.

During that one-hour window, Zcash long liquidations totaled $740,000 and short liquidations totaled $0 across Binance, Bybit and OKX. The liquidation figures cover those three exchanges and the same hour as the reported price change.

Zcash ranked 10th by market capitalization, at about $20.69415 billion. The ranking places the price move in the context of one of the largest crypto assets by market value.