Crypto Exchanges
By Bruce Buterin
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Liquidations Hit Short Sellers Hard. Short sellers got hammered. When you short a token, you're basically betting the price will drop.
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Privacy Coins Make a Comeback. Privacy-centric digital currencies are gaining traction.
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Market Watches for Next Move. Traders are paying close attention now. Privacy coins were basically written off by a lot of…
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Zcash ripped higher overnight. The privacy coin jumped 30% in just a few hours, catching short sellers completely off guard and triggering liquidations that totaled tens of…
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The move wasn't just a random spike. Privacy-focused cryptocurrencies have been clawing their way back into the spotlight lately, and Zcash's sudden rally shows that appetite for…
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The scale of the liquidations suggests a lot of traders were positioned against ZEC. Maybe they thought privacy coins wouldn't recover. Maybe they saw weakness in the charts.
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Volatility has been the name of the game across crypto recently. Bitcoin and Ethereum have both seen wild swings, and altcoins have been even more unpredictable.
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Privacy-centric digital currencies are gaining traction. For a while, regulatory pressure and exchange delistings made these tokens pretty toxic.
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Zcash isn't the only privacy coin seeing renewed interest, but it's definitely leading the charge right now.
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The risks of short selling in crypto are pretty obvious after something like this. When you short a volatile asset, you're basically playing with fire.
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What's interesting is that no one saw this coming. There were no major announcements from the Zcash development team, no big partnerships, no regulatory changes that would…
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Read also: BTC Eyes $92K as Short-Term Holders Cost Basis Shifts But $84K Wall Looms
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Traders are paying close attention now. Privacy coins were basically written off by a lot of people, but Zcash's performance is forcing a reassessment.
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The broader implications for the privacy coin sector aren't clear yet. Zcash's rally is significant, but one token surging doesn't mean the entire category is back for good.
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Regulatory uncertainty still hangs over privacy coins. Governments and financial watchdogs have expressed concerns about these tokens being used for illicit activities, and that…
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