Monero Rises 4.6% This Week Amid Bitcoin’s Pause Above $100K
Bitcoin's rally has paused above $100K, impacting recovery in major altcoins. However, Monero (XMR) has shown resilience with the following key points:
- XMR increased 4.6% this week to $347, gaining 2% in the last 24 hours.
- It outperformed all other top 100 tokens during this period.
- In contrast, Bitcoin dropped 1.6% in the past 24 hours and 2% weekly.
- XMR has recovered 110% from its April low of $165.
- A bullish golden cross on XMR's price chart indicated potential for growth a month ago.
- A favorable regulatory outlook is contributing to XMR's performance, as concerns over privacy coin regulations ease.
- The upcoming Full-Chain Membership Proofs (FCMP++) upgrade may enhance investor interest by increasing quantum resistance.
- Speculation that major exchanges might list XMR is adding bullish pressure.
- Recent rumors suggest potential laundering of a $330 million BTC theft through XMR, influencing price action.
