Zcash's Sudden Surge Sparks Warning Signs for Bitcoin

Zcash's recent surge has triggered a warning sign for Bitcoin, potentially leading to a correction in the market.

The cryptocurrency ZEC skyrocketed by over 70% in just a few days, reaching a price of $805.56 as of writing. Historically, this kind of rapid increase has been seen before major market sales.

The spike in Zcash's price has also led to an increase in the use of leverage, with $1.53 billion in margin being used. This could potentially put pressure on Bitcoin's liquidity and lead to a correction.