Monero
Why Monero is up 1.4% in the last hour
Analysis
Monero (XMR) rose about 1.4% over the past hour as traders rotated into privacy-focused coins while Bitcoin trading remained relatively subdued. Decrypt reported that privacy coins like Monero and Zcash were βwaking upβ even as Bitcoin βfalls asleep,β aligning with the short-term uptick in XMR.
Contributing Factors (1)
Bitcoin Falls Asleep, But Privacy Coins Zcash and Monero Are Waking Up
Bitcoin and Ethereum barely moved today, but Zcash and Monero are leading the largest coins over the last 24 hours.
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.