Monero Extends Gains as Bitcoin Bull Run Cools Off

Monero (XMR), the leading privacy-centric cryptocurrency by market capitalization, has posted a stunning 110% rebound since early April, outperforming the broader digital asset market even as Bitcoin’s rally shows signs of exhaustion.

Currently trading at $347, XMR is up 4.6% on the week and 2% over the past 24 hours, according to CoinDesk data. The move makes it the top-performing asset among the 100 largest cryptocurrencies during that period. Meanwhile, Bitcoin (BTC) has declined by 1.6% on the day and is down 2% for the week, consolidating just above the $100,000 level.

The surge in Monero’s price follows a technically significant golden cross formation seen last month—often interpreted by traders as a bullish long-term signal.

Behind the momentum lies a confluence of structural and speculative catalysts. Analysts at HTX Research attribute the rally to improved regulatory optics surrounding privacy coins in the U.S., particularly as the FIT21 crypto bill gains traction and regulatory clarity remains elusive for certain token classes.

“Increased ambiguity from the SEC on token classifications has ironically reduced pressure on privacy assets like Monero, attracting fresh capital inflows,” HTX analysts noted.

Further optimism stems from the anticipated FCMP++ upgrade—a major cryptographic overhaul designed to enhance Monero’s resistance to future quantum computing threats. By replacing ring signatures with full-chain membership proofs, the upgrade offers forward secrecy, protecting historical transactions even if encryption standards are later broken.

“FCMP++ essentially makes Monero immune to time-traveling adversaries armed with quantum tools,” said community contributor @DatCryptoPiggie on X.

Adding to the bullish thesis are unconfirmed rumors that major exchanges may be preparing to relist privacy tokens, a move that could significantly expand access to XMR. Given the asset’s relatively thin liquidity and concentrated ownership, any influx of capital tends to result in outsized price swings.

Finally, speculation that Monero may have played a role in anonymizing a recent $330 million Bitcoin theft has reinforced its reputation as the go-to network for secure, untraceable transactions—though such narratives remain unverified.

Monero’s resilience amid a stalling altcoin market may signal renewed institutional and retail interest in privacy as a long-term narrative in crypto.