Monero (XMR) has set a new record, with the token touching the $579 level by the Hong Kong midday session, triggering a sharp rally across privacy-focused cryptocurrencies. Along with this surge, traders shifted toward higher-beta assets.

The steady but gradual uptrend that had been building over the past few months accelerated sharply over the last 24 hours. XMR rose more than 20% in a single day, clearly outperforming both bitcoin and ether during the period. Privacy-adjacent tokens such as Zcash and Canton also moved higher, extending momentum that has been building since late December as market liquidity improved and risk appetite returned.

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BTC
BTC
95,280.78
-0.26%

$XMR

XMR
XMRUSDT
628.24
-8.91%