• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
No Result
View All Result
Breaking News: Dogecoin Surges 6% After Elon Musk Unveils Crypto Payment Master Plan
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Dogecoin Surges 6% After Elon Musk Unveils Crypto Payment Master Plan

Monero (XMR) Craters 15% Amid Delisting From Leading Exchange

Nick Chong by Nick Chong
2 years ago
in XMR
Reading Time: 2 mins read
Advertisement

Monero (XMR) is the worst-performing crypto asset of the past 24 hours. The privacy-focused coin is down 15% in the past day, pushing below key support levels amid a strong drop level.

Chart of XMR's price action over the past week from TradingView.com

Its drop comes as Bitcoin has done its best to hold the $29,000 region. Other altcoins seem to be stuttering despite BTC’s move higher, showing the strength in the leading cryptocurrency.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

Monero appears to be dropping as a result of news that it is being delisted from a popular exchange.

While there was no formal reason announced with this news, many think that this makes no sense as Monero should be within privacy rights.

Related Reading: Wall Street Veteran Kickstarts Own Bitcoin Fund With $25m Investment

Monero Craters 15% 

XMR is down 15% in the past 24 hours after Bittrex announced that it would be pulling support for the cryptocurrency, along with a few others that get put into the same bucket as Monero.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

Bittrex announced:

“The following markets will be removed on Friday, January 15, 2021, 23:00 UTC. BTC-XMR, ETH-XMR, USDT-XMR, BTC-ZEC, ETH-ZEC, USDT-ZEC, USD-ZEC, BTC-DASH, ETH-DASH, USDT-DASH, USD-DASH. You must perform any trades with these tokens no later than Friday, January 15, 2021, 23:00 UTC. After the markets are removed, Bittrex generally seeks to provide users up to 30 days to withdraw any delisted tokens, but in certain instances the withdrawal period may be shortened. Users should withdraw any tokens before the posted withdrawal deadline.”

DASH and ZEC are also down on this news as many see this as a blow to the cryptocurrency’s bull cases and survivability.

Related Reading: DeFi Founder Targeted in $8m Hack Says He Has His Hacker’s IP

A Deeply Dissapointing Move?

Speculating that this move is related to potential privacy concerns shared by the government, Jake Chvervinsky, a lawyer in the space wrote:

“It’s deeply disappointing to see exchanges remove assets just because they have privacy-preserving features. There’s no law or regulation requiring this, just DOJ’s opinion that privacy is “indicative of possible criminal conduct.”

Erik Voorhees, CEO of ShapeShift, hinted that the motives may be different than what he thinks. Voorhees wrote:

“Jake… you might not realize why they are actually being removed. Some day I hope to be able to discuss it.”

He did not expand on what he means by this.

Related Reading: 3 Bitcoin On-Chain Trends Show a Macro Bull Market Is Brewing
Featured Image from Unsplash
Chart from TradingView.com
Price Tags: xmrusd, xmrbtc 
Monero (XMR) Craters 15% Amid Delisting From Leading Exchange
Tags: xmrbtcXMRUSD
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

Related Posts

Monero

Monero (XMR) Climbs Over 7% Before Weekend Hard Fork

6 months ago
Monero

Monero Faces Pressure In Keeping Upward Pace – Will XMR Overcome Resistance?

6 months ago
Monero

Monero Climbs To 5-Week Peak, Nears Key Resistance At $155

7 months ago
Monero (XMR)

Monero (XMR) Price Slides As Canada Includes Crypto In Emergencies Act

12 months ago
Monero (XMR)

Monero (XMR) Readies For A Breakout As It Touches Important Milestone

12 months ago
Blockchain Analytics Firm Looks to Trace Monero (XMR) Transactions

Blockchain Analytics Firm Looks to Trace Monero (XMR) Transactions

2 years ago

Premium Partners

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Metaspins

Metaspins

Review · Visit
Trust Dice

Trust Dice

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
Coinplay

Coinplay

Review · Visit
mBit

mBit

Review · Visit
Vave

Vave

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
Coinplay

Coinplay

Review · Visit

Monero (XMR) and Dogecoin (DOGE) are Popular Twitter Crypto Recommendations. Here’s Why Savvy Investors Choose Snowfall Protocol (SNW) Instead

February 5, 2023

Price Predictions for Polygon (MATIC), Uniswap (UNI), and Snowfall Protocol (SNW) for 2023 – 2030

February 5, 2023

Fantom And Decentraland Explode As Big Eyes Coin Raises $21M In Presale

February 4, 2023

The Metaverse Represents The Future of Web3: Decentraland (MANA), The Sandbox (SAND), and Snowfall Protocol (SNW) Lead the Way

February 4, 2023

Snowfall Protocol (SNW), Shiba Inu (SHIB), and Cronos (CRO) – The Best Cheap Cryptos to Buy Now

February 4, 2023

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games
  • Free Spins

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.