Zcash (ZEC) has experienced a remarkable surge of over 750% in recent months, climbing from under $50 to more than $400. This significant rise comes as Bitcoin (BTC) remains below $120,000, showcasing a negative correlation between the two cryptocurrencies. Market analyst J.A. Maartunn highlights that Zcash price increases often occur when Bitcoin declines, a trend driven by investor interest in privacy-focused coins amid regulatory scrutiny on traceable assets. Zcash's shielded supply now represents 28% of its total supply, reflecting growing demand for privacy features. The cryptocurrency's 24-hour trading volume reached $1.37 billion, contrasting with Bitcoin's modest 0.46% price gain and a 31.69% drop in trading volume.