{"id":826,"date":"2025-05-25T17:21:04","date_gmt":"2025-05-25T17:21:04","guid":{"rendered":"https:\/\/bitunikey.com\/news\/monero-breaks-out-as-privacy-demand-surges-post-tornado-cash\/"},"modified":"2025-05-25T17:21:04","modified_gmt":"2025-05-25T17:21:04","slug":"monero-breaks-out-as-privacy-demand-surges-post-tornado-cash","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/monero-breaks-out-as-privacy-demand-surges-post-tornado-cash\/","title":{"rendered":"Monero breaks out as privacy demand surges post-Tornado Cash"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Monero price has been in a relentless bull run this year, and is not losing steam as bulls target the all-time high.\u00a0<\/p>\n<p>Monero (XMR), the biggest privacy-focused coin, has risen for seven consecutive weeks, reaching a high of $402. Last week was its best one in this cycle as it jumped by over 20%.\u00a0<\/p>\n<p>XMR price has jumped by almost 300% from its lowest level in 2024, bringing its market cap to $7.4 billion. This performance is notable for a coin delisted by most tier-1 exchanges like Coinbase and Binance. Most of its trading is happening in KuCoin, HTX, and MEXC.\u00a0<\/p>\n<p>Observers credit the Monero price jump to rising demand for privacy-focused coins as Tornado Cash, a decentralized, noncustodial privacy protocol built on the Ethereum blockchain, continues to face legal issues. ZCash (ZEC) price rose to $50, its highest level since January, and 95% above its lowest point this year.\u00a0<\/p>\n<p>Monero also jumped after a suspicious transfer of over 3,520 Bitcoins (BTC) worth $330 million into XMR. ZachXBT noted that the transfer was likely linked to a hack, although more details have not emerged.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Some analysts believe that Monero could see more demand as crypto hacks rise. Just last week., Cetus Protocol, a decentralized exchange on Sui, was drained about $223 million by hackers.\u00a0<\/p>\n<p>Hackers prefer Monero to stablecoins like USDT and USDC because their transactions are complex to track. Monero ensures this privacy using ring signatures, stealth addresses, and ring confidential transactions.\u00a0<\/p>\n<p>In ring signatures, it groups several transactions, making it hard to determine the true sender. It also uses stealth addresses, generating a unique, one-time address for every transaction. And in ring confidential, it hides the transaction amount.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">Monero price technical analysis<\/h2>\n<figure class=\"wp-block-image size-full\"><picture loading=\"lazy\" decoding=\"async\" class=\"wp-image-14382712\"><source type=\"image\/webp\" ><\/source><\/p>\n<\/picture><figcaption class=\"wp-element-caption\">XMR price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The weekly chart shows that the XMR price has surged this year after spending three years in a tight range between $127 and $187. This price action is a sign that it has moved into the markup phase of the Wyckoff Theory, which is usually characterized by higher demand than supply.\u00a0<\/p>\n<p>Monero has remained above the 50-week and 100-week Exponential Moving Averages. The Relative Strength Index shows that it has become highly overbought.<\/p>\n<p>Therefore, the bullish trend will likely continue as bulls target the all-time high of $517, about 27% above the current level. After hitting that resistance, it will likely enter the Wyckoff Theory\u2019s distribution phase and pull back.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Monero price has been in a relentless bull run this year, and is not losing steam as bulls target the all-time high.\u00a0 Monero (XMR), the biggest privacy-focused coin, has risen&hellip;<\/p>\n","protected":false},"author":1,"featured_media":357,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-826","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/826","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=826"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/826\/revisions"}],"predecessor-version":[{"id":827,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/826\/revisions\/827"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/357"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}