Monero
Why Monero is up 5.2% today
Analysis
Monero (XMR) rose 5.2% over the past 24 hours despite broader privacy-coin weakness highlighted in recent ETF flow coverage. Decrypt reported that privacy coins had been sliding, with Monero and Zcash among the notable movers in that segment, suggesting XMR’s rebound may be a short-term reversal from the prior drawdown rather than a move driven by new positive catalysts.
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
Moderate confidence. Multiple factors may be contributing.