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via Decrypt · By Decrypt Editorial
Zcash Hits Highest Price in Nearly a Decade, Crushing Short Bets
ZEC
ZEC/USDT
$1,011.94
+0.89%
$1,011.94
+0.89%
(24s)24h Volume
$3,311,120,358.99
24h H/L
$1,050.70 / $963.19
Change: $87.51 (9.09%)
Funding Rate
+0.0021%
Longs pay
Data provided by COINOTAG DATALive data
DE
Decrypt Editorial(04:24 PM UTC)
1 min read
In brief
- Zcash climbed as much as 20% to an intraday high of $1,029 on Friday, its best level in a decade, as about $34.5 million in short positions got force-closed on the break above $1,000.
- The move built on Thursday's rally after Fed Governor Christopher Waller said he'd be "inclined to support" holding rates steady, pulling September hike odds to 50.4% from 63.2% and setting off more than…
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