Monero
Why Monero is down 1.3% in the last hour
Analysis
Monero (XMR) slipped 1.3% over the past hour, likely reflecting short-term profit-taking after recent attention on privacy coins. Decrypt reported that βprivacy coins Zcash and Monero are waking upβ even as Bitcoin stayed quiet, which can draw fast flows and lead to quick pullbacks after an initial bid.
Contributing Factors (1)
Bitcoin Falls Asleep, But Privacy Coins Zcash and Monero Are Waking Up
Bitcoin and Ethereum barely moved today, but Zcash and Monero are leading the largest coins over the last 24 hours.
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.