Schlagwort: crypto business

• Zcash price fell to intraday lows of $532 after surging above $570.
• Over $5.1 million in Zcash futures positions were liquidated in the last 24 hours.
• Bullish case remains if buyers hold $500, but a breakdown could push ZEC toward $370.

Zcash (ZEC) fell back below the $550 level on Friday morning, trading near $530 as profit-taking emerged across the broader cryptocurrency market.

The pullback has coincided with elevated activity in derivatives markets, which analysts say suggests traders are still adjusting leverage and positioning following the token’s recent rally.

Zcash price drops below $550

Market data shows Zcash (ZEC) has declined over the past 24 hours, falling to intraday lows near $532.

The pullback follows a strong rally that pushed the token above $570 on Thursday, May 14.

The earlier gains came after The Wall Street Journal published an article comparing Bitcoin and Zcash, a development that Grayscale said “feels like one of those moments” that often precedes a surge in broader investor interest.

For $BTC, many early adopters trace their conviction to a single @WIRED piece in Nov 2011.

Today’s WSJ article on @Zcash $ZEC feels like one of those moments.

Grayscale Zcash Trust (Ticker: $ZCSH) is the only pure-play and publicly traded @Zcash $ZEC fund in the world.

Read…

— Grayscale (@Grayscale) May 14, 2026

While daily volume profiles show a modest decline, spot trading volume for Zcash (ZEC) remained near $256 million, while futures volume exceeded $2.7 billion.

The figures suggest speculative activity remains elevated. Data from CoinGlass shows that more than $5.1 million in Zcash futures positions were liquidated over the past 24 hours.

Despite the liquidations, open interest stands at about $978 million, although this is significantly lower than the $1.52 billion recorded on May 9.

Analysts say the decline points to traders continuing to reassess leverage and overall risk exposure.

​Zcash price forecast

​Price action over recent weeks saw ZEC climb to a high of $642, extending Zcash’s dramatic recovery from lows of $317 reached on April 29.

That relief rally followed deeper losses earlier in the year, when the privacy-focused token tested support near $185 as the crypto market sell-off intensified on Feb 5.

Thursday’s intraday dynamics illustrated the token’s sensitivity to momentum: a nearly 10% surge above $570 was later pared by a 4% decline from those intraday highs, culminating in the pullback under $550.

Despite the short-term pullback, the technical and fundamental picture remains bullish.

The recovery from April’s low and the subsequent climb toward the $640 area suggest investor interest in privacy coins.

Zcash’s recent progress on Quantum Recoverability is contributing to renewed attention.

If bulls defend the $500 level and broader market momentum persists, ZEC has a plausible path to revisit previous resistance above $700. Buyers may look to accumulate on dips.

​However, failure to hold $500 could expose ZEC to a deeper correction.

A break below that pivot would likely open targets near $450, with a further decline toward $370 possible.

The sizable reduction in open interest from early May reduces the immediacy of a leveraged squeeze higher. But this leaves room for renewed volatility should traders re-enter with elevated positions.

The post Zcash price dips after surge, but bullish momentum remains intact appeared first on CoinJournal.

• XRP surged to intraday highs near $1.55 on renewed optimism.
• Senate Banking Committee approved the Digital Asset Market Clarity Act in a 15-9 vote.
• XRP price could target a breakout as the market cheers the regulatory milestone.

XRP price rose to near $1.55 on Friday as the cryptocurrency market cheered the Senate Banking Committee’s passage of the Digital Asset Market Clarity Act.

Other crypto assets also notched gains, with Hyperlquid, Flare, and XDC Network leading the top 100 coins by market cap.

Bitcoin also reclaimed the $80,000 level, with intraday highs coming as major altcoins held key levels.

CLARITY Act approval buoys crypto

The US Senate Banking Committee approved the bipartisan Digital Asset Market Clarity Act in a 15-9 vote, marking a significant step toward comprehensive crypto market structure legislation.

The measure will now move to a procedural merger with a similar bill in the Senate Agriculture Committee, advancing the legislative pathway for federal regulation of digital assets.

Senate Banking Committee Chairman Tim Scott engineered a last-minute maneuver to accept amendments he had previously rejected, winning over two Democratic senators after several hours of partisan debate.

While the legislation addresses a range of market structure issues, lawmakers and stakeholders acknowledged outstanding questions.

These include provisions related to law enforcement access and ethics safeguards.

Market participants nonetheless received the vote as a positive signal, interpreting it as the first major bipartisan movement on crypto market structure in months and a reduction of regulatory uncertainty ahead of a full Senate consideration.

Why could XRP price explode?

Ripple’s token XRP has struggled to climb above $1.50 in recent weeks, but tested the level late Thursday with an intraday surge to near $1.55.

While this aligned with broader market gains, the uptick largely reflected exuberance from the “XRP Army”, which views the regulatory tailwind as a major boost to the cryptocurrency.

The cryptocurrency traded around $1.47 early Friday.

🚨 JUST IN: The CLARITY Act has officially cleared the U.S. Senate Banking Committee, pushing ripple:native one step deeper into the U.S. federal regulatory process. 🇺🇸

For ripple:native, what happens next:

1. The CLARITY Act now moves beyond the Senate Banking Committee and… https://t.co/VXiaHuH47o pic.twitter.com/r8HgVcSCBs

— RippleXity (@RippleXity) May 14, 2026

XRP’s retest of the $1.50 level comes amid signs of renewed whale accumulation, with on-chain data showing growth in large-wallet holdings and rising concentration among long-term holders.

On-chain data indicates that this cohort holds a combined 45.83 billion XRP tokens, the biggest haul since May 2018.

A more definitive market-structure framework could ease compliance burdens and encourage fresh adoption of Ripple’s payment solutions, a dynamic that might translate into accelerated demand for XRP.

Risk remains though, with the path to the final vote including further legislative negotiations and potential amendments that might delay enactment into law.

Changes could also dilute near-term benefits for market participants. Nevertheless, analysts view the regulatory backdrop as one that could support sharper price moves.

The token’s price was roughly 5% up in the past week, but it has witnessed a 20% drawdown year-to-date and hovers 61% from its all-time peak.

The post XRP nears $1.50 as Senate crypto vote and whale buying fuel fresh optimism appeared first on CoinJournal.

• Fresh selling risks sending HBAR price down 20% to $0.070 support.
• HBAR could mirror Bitcoin’s path before a rebound.
• Technical indicators are mixed, pointing at a bounce to $0.12-$0.15.

Hedera (HBAR) price faces new downside pressure as selling intensifies across the cryptocurrency market.

The price has slipped nearly 1% over the past 24 hours to trade around $0.092, with daily trading volume dropping 13%.

This decline below the psychological $0.10 mark pushes HBAR further from last week’s highs, even as altcoins mirror a broader risk asset downturn.

As such, and despite growing enterprise adoption and network usage, short-term price action suggests further downside risks ahead.

Could Hedera price fall another 20%?

Cryptocurrencies are positioning for a potential sustained uptick, but macroeconomic headwinds and geopolitical tensions could trigger deeper corrections before any rebound materializes.

HBAR appears poised to echo Bitcoin’s recent trajectory, where a retest of critical support levels often precedes recovery.

Analysts warn of a possible 20% slip from current levels, targeting the $0.072 zone.

This is a familiar floor where prices have bounced robustly in prior retests.

Notably, the bearish scenario for HBAR stems from renewed selling pressure amid global uncertainties.

Elevated US inflation readings have triggered fresh jitters among traders, with BTC slipping from recent highs.

On-chain data reveals increased transfers to exchanges, signaling profit-taking by short-term holders.

If selling persists, HBAR could test $0.075-$0.070 support, which could represent a 20% drop from current levels near $0.092.

HBAR price technical outlook

Hedera’s short-term chart structure leans bearish, with HBAR testing the 50-day exponential moving average (EMA).

Prices have formed lower highs since the recent rejection at the $0.11 peak.

Meanwhile, the relative strength index (RSI) hovers near 50 on the daily timeframe, but is sloping to indicate potential drop towards oversold conditions.

If the bullish divergence fails to hold for an immediate reversal, weak conviction among buyers could send HBAR towards $0.075-$0.070.

The drop could mark about 20% in further declines for the altcoin.

However, the broader technical setup points to accumulation rather than an outright slip into a bearish breakdown.

HBAR holding above the $0.090 level could strengthen this outlook.

In that case, upside targets would emerge, initially at $0.12, then $0.15.

Hedera’s resilience amid a potential Bitcoin rally could aid this upward move.

A boost from crypto fund demand will help the token’s price.

Net inflows into Canary’s spot Hedera ETF have increased, with the product seeing just one trading day of net outflows since its debut in October 2025.

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