Zcash Price Slides 23% as Grayscale ETF Hits Reverse
ZEC’s price has taken a beating after September’s blistering run, tumbling roughly 23% from its Sept. 27 peak of $1,697. The zcash market decline arrived alongside a sharp reversal in Grayscale’s zcash ETF, where aroud $93 million exited during its first negative week. Futures leverage has also been wrung out, leaving ZEC near $1,335 and […]
Key Takeaways
- ZEC’s price has taken a beating after September’s blistering run, tumbling roughly 23% from its Sept.
- The zcash market decline arrived alongside a sharp reversal in Grayscale’s zcash ETF, where aroud $93 million exited during its first negative week.
- Futures leverage has also been wrung out, leaving ZEC near $1,335 and […]
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Web3
Peter Schiff Says MicroStrategy Lost Its Bitcoin-Buying Power
Peter Schiff says MicroStrategy has pulled its Stretch (STRC) preferred stock back toward its $100 par value. However, he argues the company has lost the issuance channel that funded its Bitcoin purchases. Even so, Strategy has kept adding Bitcoin, funding…
Bitcoin’s $85,000 recovery awaits proof that ETF investors kept buying after payrolls
Glassnode estimated the probability of an additional quarter-point hike at the Oct. 28 meeting fell from 66% on Sept. 28 to 22% by 15:00 UTC on Oct. 2. The post Bitcoin’s $85,000 recovery awaits proof that ETF investors kept buying after payrolls appeared…
Nvidia’s $1 Billion Option Dispute: Does This Early Advisor Have a Case?
In 1993, Nvidia gave an early advisor 25,000 stock options. He now says the company shorted him 9,375 of them, a slice worth about $1.05 billion today. Nvidia never called his paperwork fake, he says. It argued he was 30 years too late. A Houseboat Demo and a…