Zcash Cryptocurrency is currently on bearish momentum by 15.55% in the last 6 hours. At 23:42 EST on Thursday, 22 April, Zcash is at $197.08.
Regarding Zcash’s daily highs and lows, it’s 0.07% up from its trailing 6 hours low of $196.94 and 14.31% down from its trailing 6 hours high of $229.99.
Currently, Zcash has 74707 Twitter followers and 18869 Reddit subscribers.
As of now, on Github, there are 1770 forks, 4376 stars, and 397 subscribers.
Zcash’s last week, last month’s, and last quarter’s current volatility was 249.58%, 249.58%, and 249.58%, respectively.
Zcash’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 249.58% (last week), 249.58% (last month), and 249.58% (last quarter), respectively.
Crypto Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Zcash’s crypto is considered to be overbought (>=80).
News about Bitcoin
‘crypto dad’ giancarlo joins board of Bitcoin lender blockfi. According to Bloomberg Quint on Tuesday, 20 April, "They’re lending to hedge funds that need cash to buy Bitcoin for a trade with minimal risk that has been paying out annualized returns that have recently hit 20% to 40%.", "Giancarlo recalled his time at the CFTC when Cboe and CME Group self-certified the first U.S. Bitcoin futures contracts."
JPMorgan warns of Bitcoin weakness as futures get liquidated. According to Bloomberg Quint on Wednesday, 21 April, "It’s likely traders including Commodity Trading Advisers (CTAs) and crypto funds were at least partly behind the buildup of long Bitcoin futures in recent weeks, as well as the unwind in past days, they said.", "In those three previous instances, the overall flow impulse was strong enough to allow Bitcoin to quickly break out above the key thresholds, yielding further buildups in position by momentum traders, JPMorgan noted."
Cathie wood’s ARK says Bitcoin mining is good for the planet. According to Bloomberg Quint on Thursday, 22 April, "With the largest cryptocurrency in the mix, energy providers could play the arbitrage between electricity prices and Bitcoin prices, as well as sell surplus solar — and supply almost all grid power demands without lowering profitability, they said.", "All else equal, with Bitcoin mining, we believe renewable energy should be able to provision a large percentage of any locality’s power economically," the post said. "
Bitcoin volatility pushes Indian crypto users towards stablecoins. According to Bloomberg Quint on Thursday, 22 April, "Given, Bitcoin prices have been extremely volatile after reaching peak-levels, it makes sense to convert part of holdings in stablecoins so that the returns don’t fluctuate too much," he said.", "One is to have a stable-priced counterweight in their portfolio to volatile assets like Bitcoin and altcoins. "
More news about Zcash.