Monero
Why Monero is down 1.1% in the last hour
Analysis
Monero (XMR) fell 1.1% over the last hour as privacy-focused cryptocurrencies broadly slid, with Monero and Zcash highlighted as leading the losses amid the day’s ETF-flow-driven market narrative. Decrypt noted that privacy coins were under pressure in this environment, which likely contributed to the short-term downside in XMR.
Contributing Factors (1)
Privacy Coins Slide as Monero, Zcash Lead Losses
The top two privacy coins are underperforming both their category and the broader crypto market amid the ongoing slump.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.