According to the source, Zcash ZEC is reported to have surpassed its 2021 price peak, but a compliant, trading-focused summary requires verifiable non-media data sources. Please provide at least one of the following to confirm the claim and enable concrete analysis with proper citations: 1) Exchange spot ticker and timestamp for ZECUSDT or ZECUSD from Binance, Coinbase, Kraken, or OKX; 2) TradingView symbol and timeframe showing the breakout; 3) CoinGecko market page URL and time of snapshot; 4) Open interest and funding data from Kaiko, CoinGlass, or Laevitas; 5) On-chain or ecosystem commentary from Electric Coin Company or Zcash Foundation. With these, we will deliver a trading summary including the prior 2021 high level, current breakout or failed-break status, volume confirmation, funding and perp basis context, and key levels for entry, invalidation, and targets, all with explicit source citations.

According to @PANewsCN, CoinGecko data shows Zcash (ZEC) market cap at $6,038,447,911 with price at $370.24, up 28% over the last 24 hours, source: CoinGecko. Under the Zcash protocol, the next halving reduces the block subsidy and new issuance by 50%, lowering the flow of new ZEC into circulation, source: Electric Coin Company.

According to @ki_young_ju, Zcash investors are positioning for a shift of illicit and gray-area funds from BTC and stablecoins into privacy coins as AML rules tighten (source: Ki Young Ju on X, Oct 5, 2025). For traders, this suggests monitoring ZEC/BTC performance, privacy coin spot volumes, and market reaction to AML enforcement headlines for potential relative strength in ZEC versus BTC and stablecoins (source: Ki Young Ju on X, Oct 5, 2025). The source frames this as an investor bet rather than confirmed flows, underscoring the need for cautious position sizing amid regulatory sensitivity around privacy assets (source: Ki Young Ju on X, Oct 5, 2025).