Monero Price Declines 8.5% Amid Crypto Market Downturn

2025-12-24 01:31

Monero (XMR) experienced an 8.5% price drop in the past 24 hours, reversing its upward trend that saw a 129.5% increase since December 2024. This decline is part of a broader weakness in the cryptocurrency market, with Bitcoin (BTC) also underperforming. Privacy-focused coins, including Zcash (ZEC), are similarly facing corrections. The shift in investor sentiment towards traditional safe-haven assets like gold and silver suggests a challenging environment for a quick rebound in Monero's price. The current market conditions reflect a cautious approach by investors amid ongoing volatility.

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