Zcash Dives 16%, Falling Harder Than Bitcoin Amid Market Sell-Off
Zcash dropped to $1,115 Thursday, wiping out all price gains accumulated since Sept. 16 and driving $38 million in leveraged long liquidations. Sharp Sell-Off Ends Weeks of Gains Privacy coin zcash (ZEC) dropped below $1,200 for the first time in weeks Thursday as the previously top-performing cryptocurrency surrendered all gains made since Sept. 16. Market […]
Key Takeaways
- Zcash dropped to $1,115 Thursday, wiping out all price gains accumulated since Sept.
- 16 and driving $38 million in leveraged long liquidations.
- Sharp Sell-Off Ends Weeks of Gains Privacy coin zcash (ZEC) dropped below $1,200 for the first time in weeks Thursday as the previously top-performing cryptocurrency surrendered all gains made since Sept.
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Web3
Strategy shareholders face dilution drag despite brighter bitcoin forecasts, TD Cowen says
TD Cowen kept its $260 price target on Strategy (MSTR) as dilution limits the benefit of higher bitcoin forecasts.
IMF warns tokenized markets could amplify financial risks
The global financial institution found tokenized equity markets less liquid and more volatile than traditional markets, despite growing demand for 24/7 trading.
From Uptober to Spooky Szn? Bitcoin Cuts September Gains in Half
Day traders are selling, leveraged longs are getting flushed and ETF money is heading for the door. The daily chart still holds the line, but its cushion is shrinking.