Market Report: Top 5 cryptocurrencies by decline on January 18, 2026, with Dash experiencing the largest drop

Gate.io News Bot Message, January 18, 2026. According to CoinMarketCap market data, the overall cryptocurrency market is under pressure and adjusting. The privacy coin sector has experienced a significant pullback from recent highs, and some previously strong assets are facing profit-taking pressure. The following are the top five cryptocurrencies with the largest declines in the past 24 hours:

1️⃣ DASH (Dash) 📉 Current Price: $72.98 | Change: -14.33% 📊 24H High/Low: $84.69 / $72.07 | Market Cap: $916.39 million ⚠️ DASH experienced a noticeable high-level correction after a continuous strong rally. Previously, driven by the hot privacy coin sector, it surged over 141% in a week, from $36.71 to nearly $95, with a huge cumulative increase. The current pullback is mainly due to rapid prior gains and profit-taking, with market trading activity also significantly declining.

2️⃣ XMR (Monero) 📉 Current Price: $560.44 | Change: -10.50% 📊 24H High/Low: $637.98 / $559.62 | Market Cap: $10.34 billion ⚠️ As a leading privacy coin, XMR faces obvious pressure after reaching its all-time high. On-chain data shows that a large holder liquidated their high-position XMR long position, incurring a loss of up to $896,000, indicating market sentiment has shifted from chasing gains to caution. Additionally, market cap has evaporated $2.1 billion, with short positions strengthening and short-term volatility increasing.

3️⃣ MYX (MYX Finance) 📉 Current Price: $5.11 | Change: -5.87% 📊 24H High/Low: $5.47 / $5.02 | Market Cap: $128.60 million ⚠️ MYX’s decline is relatively mild but shows a gradual downward trend. No obvious negative catalysts are present; the decline is mainly influenced by the overall market adjustment, with trading activity slightly decreasing.

4️⃣ VIRTUAL (Virtuals Protocol) 📉 Current Price: $0.93 | Change: -4.53% 📊 24H High/Low: $0.98 / $0.93 | Market Cap: $615.63 million ⚠️ VIRTUAL shows a slight correction within a reasonable range. The lack of clear negative catalysts suggests the pullback is mainly due to market sentiment turning cautious and a decline in investors’ risk appetite.

5️⃣ CC (Canton) 📉 Current Price: $0.11 | Change: -4.29% 📊 24H High/Low: $0.12 / $0.11 | Market Cap: $44.867 billion ⚠️ CC’s decline is limited, and market attention remains relatively stable. The asset previously gained attention due to JPM Coin launching on Canton Network and other institutional applications, but recent funding momentum has weakened, leading to a sideways consolidation.

📉 Market Summary The current market is in a high-level correction phase, with the privacy coin sector under the most pressure. DASH and XMR, as the assets with the largest previous gains, have experienced the deepest pullbacks, reflecting the market’s “buy high, sell low” characteristic. On-chain data shows that large holders have begun to close profits, and market momentum is shifting from chasing gains to waiting and watching. Investors are advised to closely monitor the key support level of $94,500 for Bitcoin. If it falls below the psychological level of $90,000, it could trigger broader market downside pressure. In the short term, controlling position risk and avoiding chasing high are recommended strategies.

⚠️ Risk Warning This message is not investment advice. The cryptocurrency market is highly volatile, and prices may face further adjustments. Investors should fully assess their risk tolerance, develop cautious trading strategies, and avoid excessive leverage. Policy risks in the privacy coin sector are relatively high, and attention should be paid to relevant regulatory developments.