最新报道：According to CoinWorld, privacy coins have recently given back their gains and fallen along with the broader market. In the past 24 hours, ZCash fell 8.5%, Monero fell 5.4%, Dash fell 3.9%, and the entire privacy coin sector fell 15.4%. Analysts say that privacy coins are no longer traded as "safe-haven assets" but are affected by the same macroeconomic factors as the broader crypto market, their fate tied to Bitcoin's cycles. AMLBot CEO Slava Demchuk stated that for tokens like ZCash and Dash, their on-chain transaction volumes are mostly transparent, and they are "traded as speculative narratives rather than utility tools," thus behaving similarly to high-beta altcoins. Bitget Wallet CMO Jamie Elkaleh also pointed out that with the introduction of ETFs and large inflows of funds, privacy assets are increasingly behaving like high-beta components of the broader ecosystem. Demchuk explained that historical drivers of privacy technology include advancements in cryptographic privacy techniques, political regulatory pressure such as the EU's "chat control" initiative, and genuine demand from jurisdictions that see real risks to transparent ledgers. Regarding future recovery, both experts agree that the rebound of privacy coins depends on Bitcoin's stability. Demchuk stated that if Bitcoin stabilizes at higher levels and market risk appetite returns, these tokens could "recover recent losses," and historically, their volatility has typically been greater than Bitcoin's.