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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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…
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