Privacy Coins Tumble as Zcash Plunges, Monero Defies Sell-Off

Privacy coins fell on Tuesday amid a broader crypto downturn that saw bitcoin drop toward $76,000. Zcash led the decline with a 7% daily loss, which sparked a surge in long positions liquidated. Privacy coins tumbled Tuesday amid a broader cryptocurrency market downturn that saw bitcoin slide toward $76,000. The sell-off came as a report from SMC Researchers highlighted the sector’s growing adoption, persistent liquidity challenges and mounting regulatory pressure. Zcash (ZEC) led the decline , plunging from more than $1,250 to $1,125, briefly registering a 24-hour loss of more than 10%.

Source: Bitcoin.com News