Where is Monero price heading now? | FXStreet

Monero (XMR) surged 5% in 16 hours, coinciding with a $351.6M hack of Bitget exchange. Analysts attribute the rise to expected laundering flows into Monero and a broader privacy-coin boom, driven by Zcash's ETF success. XMR price spiked from $548.82 to $569.90 during the hack, then consolidated. The total crypto market cap saw a mild 0.62% increase.

Zcash (ZEC) and Monero (XMR) led a 205% surge in privacy coin market cap to $36.51B in five months, per Glassnode and CoinGecko. ZEC's market cap rose $20.27B, while XMR reached $4.33B. Grayscale's ZCSH ETF and SEC's closure of Zcash investigation boosted confidence, though critics like F2Pool's Chun Wang cite protocol weaknesses.

Privacy coins, led by Zcash (ZEC) and Monero (XMR), surged 205% in 5 months, adding $24.54B to their market cap. ZEC's market cap grew by $20.27B, while XMR's increased by $4.33B. The rise is attributed to increased blockchain surveillance and regulatory developments, including the SEC's closure of its Zcash investigation and the launch of the first U.S.-listed spot ETF for a privacy coin, the ZCSH ETF.

Cryptocurrencies surged after the SEC issued an order allowing tokenized stocks to trade onchain. Bitcoin, Ether, Solana, and other tokens tied to trading securities onchain saw significant gains. The SEC's order exempts certain exchanges and liquidity providers from registration for 5 years, provided they use automated market makers (AMMs) and meet specific conditions. According to Goldman, this could lead to the growth of the tokenized US equity market, but adoption may be limited by technical

Monero (XMR) rose 4.32% in 15 hours, driven by privacy coin sector rotation, a ransom demand in XMR, and a positive crypto market. Zcash's rally sparked the sector rotation, while the Revolut ransom story highlighted Monero's privacy features. The broader crypto market also gained 1.9% in 24 hours.

The EU's Anti-Money Laundering Regulation now prohibits crypto service providers from offering accounts for anonymity-enhancing coins like Zcash (ZEC) and Monero (XMR), effective across member states. This results in an EU-wide access ban for these assets on regulated venues, forcing service providers to choose between delisting or risking compliance breaches. Both tokens have already faced major EU delistings, potentially limiting the impact of this ban.