HYPE briefly overtakes Dogecoin, privacy tokens slide as US strikes on Iran rattle markets

ZEC and XMR dropped 5% in a session that saw most major tokens pull back after weeks of gains, with the move tracking renewed Middle East tension and a rebound in oil prices. What to know : Privacy tokens led crypto declines, with Zcash falling 5.2% and Monero 4%, though both remain among the market’s stronger recent performers. Traders framed the pullback in Zcash as profit-taking after a sharp rally driven by institutional interest and a renewed narrative around privacy tokens. Broader crypto markets were mostly rangebound as geopolitical tensions in the Middle East lifted oil prices and the dollar, while U.S. equities futures edged higher.