Privacy Coins Monero, Dash and Dusk Defy Crypto Market Slump
Privacy-focused cryptocurrencies like Monero, Dash, and DUSK have surged despite a wider crypto market downturn that liquidated nearly $1 billion in positions. Over the past day, Monero rose 8.3%, Dash 1.9%, and the broader privacy coin category is up 4% on the day and 13.1% on the week. Dash jumped 119% over the week, trading at $81.61, while DUSK soared by more than 118% in a single day. Factors behind the rally include stolen Bitcoin and Litecoin being converted into Monero, low market liquidity, and investor interest in privacy amid intensifying global regulations and increased blockchain surveillance. Privacy coins are seen as a defensive play during uncertainty and are now viewed as a legitimate risk-management tool due to rising regulatory and geopolitical tension. Unlike other privacy coins, Zcash fell after internal company issues. Separately, prediction market users remain bullish on Bitcoin reaching $100,000, with their sentiment largely unshaken by market volatility.
