Share this article
Zcash Prices Are Finally Beginning to Show Some Stability
Zcash (ZEC) price movements enjoyed relative stability on 30th November, contrasting with its volatile early history.
Updated Sep 11, 2021, 12:38 p.m. Published Dec 1, 2016, 12:30 p.m.
The price of Zcash is beginning to show (relative) stability.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Despite the sharp volatility it has repeatedly experienced since going live on 28th October, movements calmed yesterday, providing the privacy-oriented digital currency with uncharacteristically modest price fluctuations.
Opening the session at $68.72, ZEC climbed as much as 6% to reach $72.94 during the day, CoinMarketCap data reveals. The digital currency later gave up these gains, declining to roughly $68.68 by 20:50 UTC, 5.8% lower than the daily high and roughly on par with the opening price.
The digital currency experienced these relatively modest price fluctuations amid light volume. (ZEC's 24-hour volume hit $1.28m at points, CoinMarketCap figures show).
This figure compares to daily volume of $4.8m and $3.53m on 1st and 25th November, respectively.
The relative calm is serving as a contrast to the wild fluctuations seen in late October when it surged to roughly 3,300 BTC (more than $2 million) on Poloniex and declined to 1 BTC, all within the span of just a few weeks of trading.
For more on Zcash, read our latest feature on the protocol.
Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an investment stake in the startup supporting Zcash's open-source development.
Zen stone image via Shutterstock
More For You
Exchange Review - March 2025
CoinDesk Data's monthly Exchange Review captures the key developments within the cryptocurrency exchange market. The report includes analyses that relate to exchange volumes, crypto derivatives trading, market segmentation by fees, fiat trading, and more.
What to know:
Trading activity softened in March as market uncertainty grew amid escalating tariff tensions between the U.S. and global trading partners. Centralized exchanges recorded their lowest combined trading volume since October, declining 6.24% to $6.79tn. This marked the third consecutive monthly decline across both market segments, with spot trading volume falling 14.1% to $1.98tn and derivatives trading slipping 2.56% to $4.81tn.
- Trading Volumes Decline for Third Consecutive Month: Combined spot and derivatives trading volume on centralized exchanges fell by 6.24% to $6.79tn in March 2025, reaching the lowest level since October. Both spot and derivatives markets recorded their third consecutive monthly decline, falling 14.1% and 2.56% to $1.98tn and $4.81tn respectively.
- Institutional Crypto Trading Volume on CME Falls 23.5%: In March, total derivatives trading volume on the CME exchange fell by 23.5% to $175bn, the lowest monthly volume since October 2024. CME's market share among derivatives exchanges dropped from 4.63% to 3.64%, suggesting declining institutional interest amid current macroeconomic conditions.
- Bybit Spot Market Share Slides in March: Spot trading volume on Bybit fell by 52.1% to $81.1bn in March, coinciding with decreased trading activity following the hack of the exchange's cold wallets in February. Bybit's spot market share dropped from 7.35% to 4.10%, its lowest since July 2023.
Di più per voi
This article is created to test tags being added to image overlays
Dek: This article is created to test tags being added to image overlays
Cosa sapere:
- Ethena's USDe becomes fifth stablecoin to surpass $10 billion market cap in just 609 days, while Tether's dominance continues to slip.
Top Stories
