At the start of the third week of January, total market-wide liquidations reached nearly $900 million. Negative volatility driven by Trump’s tariff impact on the EU caused the spike. XRP, Axie Infinity (AXS), and Dusk (DUSK) are showing warning signs and could trigger further major liquidations.
Privacy-focused cryptocurrencies have surged 13% amid market-wide liquidations, with Monero hitting new highs and DUSK surging 354%. Tether’s mass wallet freezes and regulatory pressures are driving interest in censorship-resistant assets.
Privacy coins Monero, Dash, and Dusk defy a broad crypto market slump, posting gains as experts cite a growing demand for defensive, untraceable assets.
Investors are shifting towards DUSK, a lower-market-cap privacy coin, after missing out on XMR and DASH rallies. However, on-chain data raises concerns about the sustainability of DUSK’s recent price surge.