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via CoinDesk · By CoinDesk Staff

Multicoin unveils ‘significant’ zcash position as privacy trade returns

BTC

BTC/USDT

$59,792.85
-2.10%
24h Volume

$29,656,589,705.83

24h H/L

$61,962.40 / $58,115.01

Change: $3,847.39 (6.62%)

Long/Short
71.3%
Long: 71.3%Short: 28.7%
Funding Rate

+0.0021%

Longs pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$59,842.00

-2.02%

Volume (24h): -

Resistance Levels
Resistance 3$64,245.37
Resistance 2$62,909.86
Resistance 1$61,023.09
Price$59,842.00
Support 1$59,102.70
Support 2$57,460.19
Support 3$51,387.09
Pivot (PP):$59,973.14
Trend:Downtrend
RSI (14):30.6
CS
CoinDesk Staff
(11:05 AM UTC)
1 min read
SC
Reviewed bySarah Chen
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The purchase marks a shift from Multicoin’s 2019 view, as ZEC has surged over 1,500% in the last year.

Multicoin Capital has built a “significant position” in zcash (ZEC), Co-Founder and Managing Partner Tushar Jain said at Consensus Miami, linking the purchase to a view that private stores of value will matter more as finance moves on-chain.

Jain did not disclose the size of the position. He said…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

CoinDesk Staff · CoinDesk

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