HYPE briefly overtakes Dogecoin, privacy tokens slide as US strikes on Iran rattle markets
The cryptocurrency market experienced a pullback as privacy tokens like Zcash and Monero saw declines following recent gains. This downturn coincided with rising geopolitical tensions in the Middle East and a rebound in oil prices. Despite the drop, some tokens like HYPE briefly surpassed Dogecoin in market cap before retreating.
- ▪Zcash dropped 5.2% and Monero fell 4% as privacy tokens led the crypto declines.
- ▪HYPE briefly overtook Dogecoin's market cap during Asian trading hours before pulling back.
- ▪US strikes on missile launch sites in Iran contributed to the cautious market tone.
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| Original publisher | CoinDesk |
| Canonical URL | https://www.coindesk.com/markets/2026/05/26/hype-briefly-overtakes-dogecoin-privacy-tokens-slide-as-us-strikes-on-iran-rattle-markets |
| Publication time | Tue, 26 May 2026 04:57:43 +0000 |
| Retrieval time | 2026-05-26T05:07:43.442Z |
| Last seen | 2026-05-26T05:07:43.442Z |
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MarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailHYPE briefly overtakes Dogecoin, privacy tokens slide as US strikes on Iran rattle marketsZEC 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.By Shaurya Malwa May 26, 2026, 4:57 a.m. 2 min readMake preferred on 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…
Excerpt limited to ~120 words for fair-use compliance. The full article is at CoinDesk.
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