Zcash Falls 2.64% in One Hour to $1,198 on Binance Spot

Zcash (ZEC) fell 2.64% in one hour to $1,198 at 11:21 a.m. ET on Nov. 9, extending its decline over the preceding 24 hours.

TokenPost's direct collection of Binance spot ZEC/USDT prices showed ZEC at $1,230 one hour before the latest snapshot. At 11:21 a.m. ET, the asset was down 5.19% from its price 24 hours earlier. The one-hour and 24-hour figures measure separate periods ending at that snapshot.

During the same hour, $460,000 in Zcash long positions and $10,000 in short positions were liquidated across Binance, Bybit and OKX, TokenPost's tally showed. Liquidations are forced closures of leveraged trades. The totals span three exchanges, while the $1,198 price is a Binance spot quote; they measure different parts of the market.

Zcash ranked 10th by market capitalization, at approximately $20.8414 billion. The price and liquidation figures capture the same one-hour window, without establishing what caused the move.