Zcash Smashes Decade-Long High as Short Sellers Get Crushed

Zcash has experienced a significant surge in price, reaching $1,033.60 and extending its rally that has pushed the token to levels not seen in nearly a decade.

The latest move has forced millions of dollars in short positions to close as ZEC breaks above key psychological levels.

Strong momentum, growing institutional access, and renewed interest in privacy-focused cryptocurrencies are keeping ZEC firmly in the spotlight.

Zcash's price has gained 7.05% over the past 24 hours, building on a broader recovery that has seen the token gain around 94% over the past 30 days and more than 2,300% over the past year.