Zcash Cryptocurrency is currently on bearish momentum by 17.36% in the last 24 hours. At 03:33 EST on Friday, 23 April, Zcash is at $196.74.
Concerning Zcash’s daily highs and lows, it’s 2.98% up from its trailing 24 hours low of $191.05 and 20.07% down from its trailing 24 hours high of $246.14.
Currently, Zcash has 74707 Twitter followers and 18873 Reddit subscribers.
As of now, on Github, there are 1770 forks, 4376 stars, and 398 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
Bitcoin volatility pushes Indian crypto users towards stablecoins. According to Bloomberg Quint on Thursday, 22 April, "Even for us, the USDT volumes grew nearly five-fold to $3 million in April compared to last year, as many of our traders liquidated their Bitcoin holdings and converted them into stablecoins," said Sathvik Vishwanath, founder and chief executive of Unocoin, one of the oldest crypto exchanges in India.", "One is to have a stable-priced counterweight in their portfolio to volatile assets like Bitcoin and altcoins. "
‘crypto dad’ giancarlo joins board of Bitcoin lender blockfi. According to Bloomberg Quint on Tuesday, 20 April, "While Cboe dropped its Bitcoin contract, CME Group’s has been a success, and the exchange recently added Ether futures.", "It was not without its controversy," he said, adding that Thomas Peterffy, chairman of Interactive Brokers, placed a full-page ad in the Wall Street Journal decrying the move and saying words to the effect of, "Don’t let Bitcoin futures come about or the western world will end." Even Wall Street’s futures group, the Futures Industry Association, was against the idea, he said."
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.", "Over the past few days Bitcoin futures markets experienced a steep liquidation in a similar fashion to the middle of last February, middle of last January or the end of last November," the strategists said. "
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. "
More news about Zcash.