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via CoinDesk · By CoinDesk Staff

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

BTC

BTC/USDT

$79,991.60

+0.10%

$79,991.60

+0.10%

(24s)

24h Volume

$6,952,815,183.08

24h H/L

$80,107.99 / $79,233.00

Change: $874.99 (1.10%)

Long/Short

53.2%

Long: 53.2%Short: 46.8%

Funding Rate

+0.0022%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,918.01

▲ 0.11%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$81,908.22

Resistance 1$80,157.58

Price$79,918.01

Support 1$79,635.96

Support 2$77,523.79

Support 3$73,033.65

Pivot (PP):$79,824.58

Trend:Sideways

RSI (14):67.0

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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Source

CoinDesk Staff · CoinDesk

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