Zcash price slips 3%: will the CLARITY Act trigger more downside?

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Zcash is trading above $550 on Tuesday, down 3%, extending its three consecutive days of declines as traders turned cautious ahead of Thursday’s Digital Asset Market Clarity (CLARITY) Act vote. Retail interest in the privacy coin takes a hit amid a three-day decline, with ZEC futures Open Interest falling by over 17% in 24 hours. Momentum indicators suggest that the outlook remains largely unchanged, as price holds above the key support at $534. ZEC stays above $550 despite declining retail demand Retail appetite for the privacy-focused token weakened sharply over the past 24 hours. According to CoinGlass data, Zcash futures Open Interest dropped more than 17% to $1.04 billion, signaling a notable decline in leverage-driven positioning.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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