Zcash fell below $1,000 as leveraged traders abandoned bullish positions and selling pressure intensified. Data from CoinMarketCap showed ZEC at approximately $965 on Nov. 12, after a 24-hour low near $953. The decline has exposed vulnerabilities in ZEC's market structure, with research showing heavy selling across derivatives exchanges and fresh deposits from previously inactive wallets.… Read the full story on CryptoSlateUnderstand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Zcash loses $1,000 as dormant wallets send ZEC coins to exchanges
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CryptoSlateBy Oluwapelumi Adejumo
EXECUTIVE SUMMARY
Zcash fell below $1,000 as leveraged traders abandoned bullish positions and selling pressure intensified. Data from CoinMarketCap showed ZEC at approximately $965 on Nov. 12, after a 24-hour low near $953. The decline has exposed vulnerabilities in ZEC's market structure, with research showing heavy selling across derivatives exchanges and fresh deposits from previously inactive wallets.… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get Th
Key Takeaways
- Zcash loses $1,000 as dormant wallets send ZEC coins to exchanges.
- Zcash fell below $1,000 as leveraged traders abandoned bullish positions and selling pressure intensified.
- Data from CoinMarketCap showed ZEC at approximately $965 on Nov.
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Published originally on CryptoSlate
