Zcash Dives 16%, Falling Harder Than Bitcoin Amid Market Sell-Off
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4 Articles
CriptoTendence The price of Zcash faces new downward pressures despite technological advances and growing interest in its investment products.The entry The price of Zcash loses strength and threatens to go back again was first published in CriptoTendence.
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 […]
ZEC recedes to USD $1,296,12 and quotes below its short-term averages, while the daily volume remains 46.84% below the 30-day average. The data point to a correction with weak participation, but do not identify a confirmed catalyst. The level of USD $1,292.80 and Fibonacci's reference in USD $1,213.07 concentrates attention, while reported returns to 30 and 90 days remain positive.
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