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Privacy Coins Tumble Amid Crypto Market Downturn
Privacy coins fell on Tuesday amid a broader cryptocurrency market downturn that saw bitcoin drop toward $76,000. Zcash (ZEC) led the decline with a 7% daily loss, plunging from more than $1,250 to $1,125. Monero (XMR) gained, rising from $608 to around $625, gaining nearly 3%. Near Protocol (NEAR) and Dash (DASH) also recorded losses, with NEAR shedding more than 30 cents to $3.75 and DASH falling from more than $48.25 to $45.81. Several microcap privacy coins also recorded 24-hour losses ranging from 2% to 5%. Beldex (BDX) and Horizen (ZEN) posted modest gains of 1.6% and 1.7%, respectively.