Ethereum News by Thebittimes.Com

Monero (XMR) has outperformed the crypto market so far this week following what appears to be an attempt to launder stolen Bitcoin (BTC) through the “OG” privacy coin. Early Monday morning, XMR skyrocketed from $232 to $331 in about eight hours. In a post on the social media platform X, top on-chain investigator ZachXBT told his 851,000 followers that the spike in XMR appeared to coincide with a “suspicious” transfer out of a Bitcoin wallet. ZachXBT says the BTC was immediately exchanged for Monero, sparking the rally for XMR. “Nine hours ago a suspicious transfer was made from a potential victim for 3520 BTC ($330.7M) Theft address bc1qcrypchnrdx87jnal5e5m849fw460t4gk7vz55g Shortly after the funds began to be laundered via 6+ instant exchanges and was swapped for XMR causing the XMR price to spike 50%.” ZachXBT says the evidence is quite overwhelming that the transfer and subsequent swap to XMR was a hack because the victi...

Monero (XMR), the champion of privacy in the crypto world, is at a fascinating crossroads trading around $226.  Let’s unpack its current market position, from key price levels and technical indicators to the driving forces behind its potential resurgence.  With developments like the new Cuprate node software on the horizon, could Monero be poised for a major comeback? XMR Key Statistics Current Price: $226 Market Cap: $4.23 billion Trading Volume (24h): $71.15 million Circulating Supply: 18.45 million XMR Total Supply: 18.45 million XMR CoinMarketCap Ranking: #29 Monero’s current value is down 5.61% from its highest price in the past month and week. However, it’s also up 24.75% from its lowest point in the last 30 days and 17.74% from its lowest point in the last 7 days. XMR/USD Market Key Levels Resistance: $237, $242.5, $250 Support:  $221.4, $205.2, $200 XMRUSD – Daily Chart The XMRUSD daily chart shows Monero trading at...

Monero (XMR) continues to gain popularity among cryptocurrency users and investors, with solid price action and a high usage rate. The privacy coin faced challenges and showed resilience amid leading exchange delistings, improving its ecosystem and the privacy experience. As a first technical indicator, Monero nears a “strong” Relative Strength Index (RSI) in multiple time frames, according to CoinGlass . In particular, XMR stands out in the daily and weekly charts, with 58 RSI points, trading at $170.18. Crypto Market RSI Heatmap – Monero (XMR), daily time frame. Source: CoinGlass / Finbold Monero (XMR) price analysis Diving deeper into the technical Analysis , Monero’s price currently has one of the most solid charts in a primarily bearish cryptocurrency market – holding strong at the $170 level. Notably, XMR may have broken from a bullish triangle, currently seeking confirmation at the previous resistance, now support. ...