Zcash jumps 5%: is rising Open Interest fueling the rally?

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The cryptocurrency market has resumed its upward trajectory after the slight dip on Tuesday. Bitcoin, the leading cryptocurrency by market cap, is back above $70,000, while Ether is approaching $2,200. Meanwhile, ZEC, ZCash’s native coin, is up 5%, making it one of the best performers among the top 30 cryptocurrencies by market cap. The coin could continue its rally after adding 11% to its value since the start of the week. Derivatives data show a buildup in demand for ZEC futures, with Open Interest rising by double digits over the last 24 hours. Retail interest pushes ZEC’s price higher ZEC is up by 5% in the last 24 hours and is trading above $235 thanks to growing retail demand.

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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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