CoinDesk
Zcash and Monero led crypto declines on Tuesday after US Central Command confirmed strikes on missile launch sites in Iran and boats attempting to place mines in the Strait of Hormuz. ZEC dropped 5.2% to $619 and XMR fell 4% to $378, the sharpest pullbacks among the top 20 by market cap, though both remain up strongly over the past week — ZEC still holds an 8.2% seven-day gain.
Traders framed the move as profit-taking rather than fresh selling. Structural buyers in privacy tokens have been adding through the rally, not distributing into it, and Multicoin Capital's earlier stake disclosure in Zcash kept the institutional bid intact. A 5% retreat after that kind of run is noise, not reversal.
Broader markets were cautious but not panicked. Bitcoin held near $76,500, Ethereum sat at $2,087, and Solana traded at $83.97 — all in tight ranges.
CoinTelegraph