Zcash Explodes to 7-Year High, Bitcoin Holds Weak

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Bitcoin’s price instability continued in the past 24 hours as the asset failed at over $111,500 and slipped back down to familiar territory of around $110,000.

Most altcoins are with minor gains within the same timeframe, aside from TAO and ZEC, which have exploded by double digits, and Figure Heloc, which has skyrocketed by more than 300%.

BTC Unstable at $110K
The macro perspective received several positive news in the past ten days or so, starting from the lower-than-expected inflation numbers for September announced last Friday. Then, the US Federal Reserve cut the interest rates on Wednesday, as expected, while China and the US reached some preliminary consensus on trade frictions.


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