Zcash broke above $1,000 on Friday, hitting a new all-time high of $1,029 during intraday trading, up approximately 20% in the past 24 hours. Its market capitalization climbed to nearly $17 billion, surpassing Dogecoin to enter the top ten cryptocurrencies. This price surge led to the forced liquidation of approximately $34.5 million in Zcash short positions, with total liquidations reaching $36.6 million.