Privacy segment leads crypto market decline as Zcash, Monero tumble
The privacy coins sector, including tokens such as Zcash (ZEC) and Monero (XMR), is leading the broader cryptocurrency market decline, down more than 25% over the last seven days. Zcash and Monero are losing retail interest as heightened long liquidations over the last 24 hours have driven capital outflows from their futures markets. The technical outlook for both remains bearish with further downside room before reaching a crucial support level.
Declining retail interest points to further downside
Artemis data show that privacy coins are down 26.6% over the last week, making them the least-performing crypto sector and outpacing Ethereum’s 26.4% drop. The sudden decline aligns with the weakening retail demand for blue-chip privacy…
