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Zcash jumps 17% amid $345M liquidations after Fed rate hike, led by short sellers' losses.

Market News
17 Sep 2026
Coindesk
View Source
Bullish
Zcash jumps 17% amid $345M liquidations after Fed rate hike, led by short sellers' losses.

Zcash surged over 17% to nearly $1,358 following the Federal Reserve's quarter-point rate hike, outperforming other major cryptocurrencies. The rate increase to 3.75-4.00% triggered a $345 million liquidation wave, mostly impacting short sellers who bet on falling prices, with $208 million in short liquidations versus $137 million in longs. Ether, Bitcoin, and Zcash saw the largest liquidation amounts. Market analysts note Bitcoin's muted reaction due to prior negative moves and caution on whether leverage will rebuild to sustain the rally.

Zcash leads gains on Pluang with an 11.43% rise to Rp23,870,733 as of Sep 17, 2026 17:52 WIB, reflecting strong interest amid the recent liquidation wave. Bitcoin also shows modest strength, up 0.95% to Rp1,356,134,631, while Binance Coin gains 1.82% to Rp12,840,095. These moves highlight active trading and varied investor responses following the Federal Reserve's rate hike and its impact on crypto markets.

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