- On Saturday, Monero (XMR) price plunged by around 3% after witnessing a correction in Bitcoin (BTC) price, forcing its price below $345 with a market capitalization of $6.33 billion.
- The cryptocurrency is struggling to break a major consolidation pattern at around $355 and is repeatedly facing rejection at this level.
- The drop comes after a correction in Bitcoin (BTC) and ongoing sector rotation, in which money moves into Bitcoin amid a rally while overall sentiment across altcoins stays neutral.
On the 12th birthday, one of the leading privacy coins, Monero, experienced a small drop of 3% following a consolidation and the correction in the overall crypto market.
According to CoinMarketCap, the cryptocurrency plunged by around 2.95%, forcing its price to slip below $343.35. Despite the drop, the cryptocurrency still holds an impressive market capitalization of around $6.33 billion. However, the daily trading volume reported a drop of around 1.5% and is currently revolving around $110.23 mi...
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