Monero (XMR) falls ~40% from all-time high after India targets privacy coins

Monero (XMR) plunged about 40% from its all-time high following reports that India is targeting privacy-focused cryptocurrencies, linking regulatory action to a sharp price decline.
AI Analysis
The article states Monero fell ~40% from its all-time high and that India targeted privacy coins; those two facts are the basis for the negative sentiment and elevated market impact.