Privacy Coins Slide as Monero, Zcash Lead Losses

In brief

• Monero and Zcash were the top losers in the top 100 by market cap, both down about 8% on the day.
• The privacy coin sector fell about 5.8% on the day, showing Monero and Zcash’s declines were deeper than the category’s average.
• The drawdown is a mix of risk-off sentiment and privacy-specific regulatory pressure, Decrypt was told.