Zcash (ZEC), a privacy-focused cryptocurrency, briefly reached a new all-time high of $1,697.45 on Saturday after gaining more than 6% in 24 hours. After the rally, ZEC fell 2.01% in one hour on Binance's spot market on September 27, declining from $1,650 to $1,617, while remaining up nearly 5% over the preceding 24 hours. The reversal was accompanied by long liquidations. At 8:47 p.m. ET on September 26, ZEC traded at $1,648, up 5.34% from four hours earlier and 6.72% from the same time a day earlier. Earlier Binance data showed a 7.67% one-hour advance to $1,684 and a 10.18% 24-hour gain, while liquidations across Binance, Bybit and a third venue totaled $1.12 million during the rally.