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.
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.
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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.
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 …