Monero
Why Monero is down 4.3% today
Analysis
Monero (XMR) fell 4.3% over the past 24 hours, likely reflecting a pullback after recent attention on privacy coins. Decrypt reported that while Bitcoin activity was muted, privacy coins like Monero and Zcash were βwaking up,β which can coincide with short-term volatility and profit-taking following a move.
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.