Crypto traders face $345 million liquidations after Fed rate hike as Zcash jumps 17%
AI Summary
Crypto traders suffered $345 million in liquidations after the Federal Reserve raised interest rates.
Zcash rose 17% after the liquidation wave hit the crypto market.
CoinDesk reported the market developments in an article dated September 17, 2026.
Crypto traders suffered $345 million in liquidations, or forced closures of leveraged positions, after the Federal Reserve raised interest rates. Zcash then rose 17%, according to CoinDesk.
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