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via CoinDesk · By CoinDesk Staff

Zcash price news: Why did ZEC rocket 30% and what's next

BTC

BTC/USDT

$62,826.00

-0.39%

$62,826.00

-0.39%

(24s)

24h Volume

$4,016,263,536.66

24h H/L

$63,390.00 / $62,716.00

Change: $674.00 (1.07%)

Long/Short

69.5%

Long: 69.5%Short: 30.5%

Funding Rate

+0.0029%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$62,904.00

▼ -0.29%

Volume (24h): -

Resistance Levels

Resistance 3$64,507.45

Resistance 2$63,769.35

Resistance 1$63,135.87

Price$62,904.00

Support 1$62,869.02

Support 2$61,814.38

Support 3$61,056.47

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):42.0

CoinDesk Staff

(12:53 PM UTC)

1 min read

Updated byJames Mitchell

0 comments

Zcash bets turn into second-largest liquidations behind bitcoin as ZEC rockets 30%

The privacy coin extended its multi-month rally on Tuesday with $46.7 million in shorts liquidated, after Multicoin Capital disclosed a significant ZEC position.

Bearish bets on a token that institutional investors were quietly accumulating turned sour on Tuesday.

Zcash (ZEC) ripped nearly 30% over 24 hours to $543 in…

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CoinDesk Staff · CoinDesk

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