Markets· ★★★· bearish·

Zcash Falls 13% to $1,133 as Open Interest Drops and ETF Outflows Mount

  • —ZEC fell 13% to $1,133, down 18% in a week and 25.5% in two weeks
  • —Open interest slid 11.81% to $2.43 billion as futures volume jumped 67.15% to $9.75 billion
  • —Grayscale's Zcash ETF bled $12.05 million this week after $93.56 million the prior week
  • —NU7 went live on testnet October 4, with mainnet activation targeted for November 5
Why it matters: ZEC is losing momentum after its September rally; a break below $1,050 would put $1,000 and $888 in focus.
#ZEC
Source: The Crypto Times
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