Monero
Why Monero is up 4.2% today
Analysis
Monero (XMR) rose 4.2% over the past 24 hours despite sector-wide pressure highlighted in Decrypt’s report that “privacy coins” were sliding, with Monero and Zcash leading losses. With no additional catalysts cited in that coverage, the move appears more consistent with a short-term rebound after the reported weakness rather than a new, news-driven trigger.
Contributing Factors (1)
Privacy Coins Slide as Monero, Zcash Lead Losses
The top two privacy coins are underperforming both their category and the broader crypto market amid the ongoing slump.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.