Monero
Why Monero is down 4.3% today
Analysis
Monero (XMR) fell 4.3% over the past 24 hours as privacy-focused cryptocurrencies broadly sold off, with XMR and Zcash leading losses amid a market rotation away from the segment. Decrypt attributed the move to weakness in privacy coins alongside ETF flow dynamics that favored other areas of the crypto market.
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.