Zcash Price Rockets to Record High Near $1,225

Zcash price surged to a record high near $1,225 as its rally gathered momentum.

The privacy-focused coin briefly touched this level after buyers shifted toward alternative cryptocurrencies.

Rising volume, institutional demand, and short liquidations supported the advance.

ZEC price has gained about 550% from its yearly low and nearly 4,000% from last year's bottom.

This performance pushed its market capitalization close to $20 billion.