Whereas most of the cryptocurrency market was clobbered by a bearish market in the week earlier this week with Bitcoin [BTC], Ethereum [ETH], and Litecoin [LTC] bleeding in double digits, Monero, [XMR], ranking number ten im the cryptocurrency also had the same. CoinMarketCap sees the coin trading at $86.43,market cap of $1.43 billion and a trading volume of $16.32 million. Like the others it has gone down by some 2.05%.
This Monero(XMR) cryptocurrency was really one of the latest coins crushed by the bears lately- and this privacy coin has dropped straight down by almost 24% in the past several days. Reasons for the drop in price with this privacy coin, could be the crack down on it, because the feds have to know who is behind these transactions- so much for complete privacy.
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