Here's Why Monero Absolutely Tanked This Week, Sinking More Than 25%

Leading privacy token Monero (CRYPTO: XMR) is one I think represents the sort of fear that's been building up among some investors in the crypto sector this past week. After surging to a new all-time high on Tuesday, Monero has given up those gains, and then some. Now trading 25.6% lower over the past week, as of Sunday at 4:30 p.m. ET, the tightening of regulations in the cryptocurrency sector (and the corresponding benefits these increased regulations could have on privacy coin demand) haven't been enough to offset broader market weakness and a number of macro trends at play.Let's dive into what is driving the narrative around Monero right now and why investors are pulling back on a token that has otherwise seen incredible upside momentum in recent months. Source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool