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Home»Blockchain & Crypto»ZEC Unfazed by Market Crash With Another Surge, BTC Calms Below $112K: Weekend Watch
Blockchain & Crypto

ZEC Unfazed by Market Crash With Another Surge, BTC Calms Below $112K: Weekend Watch

Emirates InsightBy Emirates InsightOctober 12, 2025No Comments
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IP is the other massive gainer today.

Following the massive meltdown experienced on Friday evening and Saturday morning, bitcoin has expectedly calmed at around $112,000.

Most altcoins have shown similar behavior over the past day, but there are some gainers even from the larger caps, such as BNB.

BTC Calms at $112K

The business week began in an impressive manner for the BTC bulls as the cryptocurrency skyrocketed to two consecutive all-time highs last Sunday and Monday. The latest record came at just over $126,000. What followed was a minor correction and sideways trading at around $122,000.

That level held until Friday evening when the US President Donald Trump threatened and then officially announced a new set of tariffs against China. In the span of just a few hours, bitcoin’s price tumbled from $122,000 to $101,000 on some exchanges.

This caused a cascade of liquidations, which became the single-largest day of wrecked positions worth over $19 billion, according to CoinGlass. BTC bounced off as most short positions were closed and briefly exceeded $114,000, which only intensified the liquidations.

It has failed there for now and sits close to $112,000 as of press time. Its market cap has tumbled to under $2.230 trillion on CG, but its dominance over the alts is above 58%.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

ZEC Defies the Crash

Zcash was on an impressive roll before the market-wide crash, surging by triple digits within a week or so. Although it dumped from $250 to $160 during the meltdown, it has not only recovered all the losses but even charted some gains and is now close to $300 after another 11% surge since yesterday. IP is the other big gainer from the top 100 alts.

Binance Coin has jumped by over 7% since yesterday and now trades above $1,150. Ethereum is up to $3,800 after a 3% increase, while XMR has risen by 7% to $308. Most other larger-cap alts are quite sluggish now.

Cryptocurrency Market Overview. Source: QuantifyCrypto
Cryptocurrency Market Overview. Source: QuantifyCrypto
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

Courtesy: Source link

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