Quick Read

• Zcash surged 168% in a month to $1,566, but its $25.5 billion market cap means the “best-performing sector” label is mostly a single-coin move.

• Bitcoin is down 7% year-to-date, meaning any privacy trade running hot against a red anchor is a narrow, quickly unwinding position.

• Zcash’s all-time high sits near $5,942, giving early holders massive paper gains and strong incentive to sell into the current rally.

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Zcash (CRYPTO:ZEC) is trading at $1,505, up 4.5% in the last 24 hours and up…