XMR suddenly experienced a significant price drop. I'm wondering what caused this crash. Was it due to market manipulation, a negative news event, or some other factor that impacted its value?
The reason for this steep fall was attributed to a recent announcement made by Binance, a leading cryptocurrency exchange.
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CryptoNinjaThu Oct 17 2024
Monero, a popular cryptocurrency known for its privacy features, experienced a significant decline on Tuesday.
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amelia_harrison_architectThu Oct 17 2024
The value of Monero, denoted as XMR, dropped approximately 30% during the trading day.
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CryptoLordGuardThu Oct 17 2024
This decline pushed the price of Monero to a new 20-month low, indicating a weakening market sentiment towards the digital asset.
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CherryBlossomFallingWed Oct 16 2024
Binance, known for its extensive support for various cryptocurrencies, announced that it will cease listing Monero on its platform starting from February 20th.