Standing out from the crowd, privacy coins have emerged as the biggest winners in the crypto market this year.
Over the past month, the market has staged a broad-based rebound, yet on an annual basis, the bulk of returns has been concentrated in the privacy sector.Written by: GlassnodeCompiled by: Chopper,
Live Updates: Bitcoin Holds $79,000 as Hike Odds Climb, Zcash Runs 45% in a Week
August payrolls came in three times above forecast and pushed September hike odds toward 58%. Equities sold it and crypto has not.
Dash, Monero, Zcash Prices Soar as Crypto Investors Rotate to Privacy Coins
Crypto investors are rotating to privacy tokens, making them among the best gainers in the industry. Dash (CRYPTO: DASH) token jumped to $73.73, its highest level since January 20. Monero (CRYPTO:
Privacy coins surge 19%, igniting market momentum, as Bitcoin breaks through the $81,000 mark.
Privacy-focused assets led the rally in the cryptocurrency market, driving Bitcoin past the $81,000 threshold. Major cryptocurrencies posted broad gains, while total market liquidations exceeded $300 million. Traditional safe-haven assets and U.S. equity futures remained stable, signaling a significant improvement in market sentiment.
Bitcoin Clears $81,000 as Privacy Coins Lead a Broad Crypto Rally
BTC pushed through the level that capped it in late August, while zcash gained 16% and dash 19%.
High Net-Worth Crypto Holders Shifting Collateral Away From BTC -- Market Talk
1112 ET - High net-worth borrowers using cryptocurrency as collateral for their loans are shifting away from bitcoin reliance, incorporating a wider mix that includes privacy-coin upstart Zcash.