Monero
Why Monero is down 1.1% in the last hour
Analysis
Monero (XMR) slipped 1.1% over the past hour as some traders likely took profits following a sharp run-up that recently pushed XMR above $500, as noted in CryptoPotato’s market watch. With broader market attention shifting back toward bitcoin’s quick recovery and renewed push toward $79K, XMR’s earlier surge may have cooled, contributing to the short-term pullback.
Contributing Factors (1)
BTC Recovers Swiftly and Eyes $79K Again, XMR Surges Above $500: Market Watch
In contrast to XMR, POL, PUMP, RAIN, and TRUMP have plunged hard over the past 24 hours.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.