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Crypto News Today: Monero Surges Past $592, Legendary Trader Peter Brandt Compares XMR To Silver

Crypto News Today: Monero Surges Past 2, Legendary Trader Peter Brandt Compares XMR To Silver

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Monero surged to a recent all-time excessive above the $590 mark simply as Zcash’s momentum light/ Monero (XMR) has ripped larger to a brand new report, buying and selling above $567 on Sunday and pushing in the direction of roughly $592.That is its highest stage recorded. On the time of writing, it’s buying and selling at round $569.

Monero’s highly effective run that has seen XMR soar greater than 20% in 24 hours and practically 40% over the previous week, reveals a strong rotation contained in the privacy-coin area of interest.

Is the Monero breakout part of the broader privacy-coin comeback? They’ve been quietly outperforming a lot of the market since This fall 2025. The truth is, Monero and Zcash had been amongst 2025’s finest performers, even earlier than XMR’s present push to new highs.

The truth is, legendary dealer Peter Brandt mentioned that Monero could also be approaching a breakout level. He in contrast Monero’s multi-year worth construction with silver’s decades-long setup earlier than its latest historic surge.

CIO at Merkle Tree Capital, Ryan McMillin steered that privateness was one of many few crypto sectors that “held up comparatively nicely” by means of 2025’s volatility.

Moreover, analysts say that the newest leg larger extends a multi-week uptrend that started in late 2024, with Monero steadily grinding larger at the same time as many large0cap cash have chopped sideways. On the weekly chart, XMR has already taken out its 2018 cycle peak. Is that this uncovering a recent worth discovery section in certainly one of crypto;s longest-running privateness networks?

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Akriti Seth

Akriti Seth

Senior Editor

Akriti Seth is a Zurich-based Enterprise Journalist and Crypto Editor. Her ardour for journalism has taken her throughout the globe – from thriving as an on-television correspondent to writing participating articles, she has labored for firms like Informa UK, Bloomberg…
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