#PrivacyCoin
📉 Privacy Coins in Free Fall: Sector Loses Double Digits
While the mainstream crypto market struggles to find support, the privacy coins segment (Monero, Dash, Zcash) is going through a real storm. Over the past week, most assets in the sector have shown double-digit declines, outpacing even Bitcoin in terms of decline.
📉 Who has suffered the most?
• Monero ($XMR ): The leader of the decline. After recent peaks, the price has collapsed by 28% and is now trading around $508. Despite attempts to rebound, the weekly trend remains negative.
• Dash ($DASH ): Lost from 17% to 21% of its value, falling to $64.
• Decred (DCR): A similar drop of 21%, the current price is around $20.
• Zcash ($ZEC ): Looks somewhat more stable against the background of its peers, but still in the red by 13% (price ~$365).
🔍 Why is this happening?
Analysts identify several key reasons for the “red week”:
1. General Risk-Off: Global macroeconomic instability (in particular, due to tensions around tariffs between the EU and the US and jumps in Japanese government bond yields) is forcing investors to exit risky assets.
2. Regulatory pressure: Increased supervision by the IRS (new form 1099-DA) and expectations of tough steps from the EU (DAC8 directive) create a “toxic” background for anonymous transactions.
3. Internal crises: Sentiment in the sector has been undermined by recent news about conflicts in development teams (in particular in Zcash), which led to capital outflows.
4. Low Liquidity: With delistings from major exchanges (such as Kraken in Europe), order books are becoming thin, amplifying any selling momentum.
⚠️ What’s next?
Despite the drop, some in the community see it as a necessary correction after the explosive growth at the beginning of the year. However, for now, the sector is completely dependent on the general market sentiment. Until Bitcoin stabilizes, private coins will remain under increased pressure.
