{"id":24094,"date":"2025-04-28T07:46:43","date_gmt":"2025-04-28T07:46:43","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=24094"},"modified":"2025-04-28T07:46:43","modified_gmt":"2025-04-28T07:46:43","slug":"moneros-xmr-rockets-40-as-xrp-leads-crypto-majors-gains","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=24094","title":{"rendered":"Monero\u2019s XMR Rockets 40% as XRP Leads Crypto Majors Gains"},"content":{"rendered":"
\n

Crypto markets traded flat during the Asia morning hours, with bitcoin (BTC) trading above $94,000 and the CoinDesk 20<\/a>, a measure of the performance of the largest cryptocurrencies, little changed.<\/p>\n

\"(CoinDesk)\"<\/p>\n

XRP led majors gains with a 4% move higher from the past day, driven by a ProShares ETF approval<\/a> that will see three futures-tracked products go live on April 30. Cardano\u2019s ADA, BNB Chain\u2019s BNB and ether (ETH) showed moves between 1% and 3%.<\/p>\n

One exception to the relatively dormant market has been privacy coin Monero (XMR), up more than 40% in the past 24 hours. It traded over $320 in Asian morning hours Monday, a level last seen in May 2021.<\/p>\n

Trading volumes zoomed from an average of $50 million on a 7-day rolling basis to over $220 million in the past 24 hours.<\/p>\n

“There appears to be no clear catalyst behind $XMR\u2019s recent rally,\u201d Min Junng, a research analyst at Presto told CoinDesk in a Telegram message, Network activity remains consistent with typical levels, suggesting the move may be more speculative in nature.”<\/p>\n

\"(CoinDesk)\"<\/p>\n

The privacy-centric token is based on the CryptoNote protocol, which ensures that all its transactions are unlinkable and untraceable.<\/p>\n

Sentiment among traders carries over from last week with a near-term bullish view intact but with a cautious attitude as macroeconomic headwinds remain.<\/p>\n<\/p>\n

\u201cBitcoin has maintained a relatively stable range above $92k as Trump’s administration soften tariff policies of the crypto industry,\u201d Jupiter Zheng, Partner, Liquid Fund and Research, HashKey Capital, told CoinDesk in a Telegram message. \u201cThis crypto-friendly attitude can boost Bitcoin and other cryptocurrencies to develop their own market direction, less correlated with US equities, and enable more growth and innovation in the industry.”<\/p>\n<\/p>\n

Broader equity markets showed mixed movements on Monday. A regional gauge<\/a> advanced 0.6% while futures for the S&P 500 declined 0.6%, indicating a four-day US equities rally may snap. Gold pared last week\u2019s gains after a record-breaking rally. Hong Kong’s Hang Seng index was also flat as were other major indexes around Asia.<\/p>\n

<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Crypto markets traded flat during the Asia morning hours, with bitcoin (BTC) trading above $94,000 and the CoinDesk 20, a measure of the performance of the largest cryptocurrencies, little changed. XRP led majors gains with a 4% move higher from the past day, driven by a ProShares ETF approval that will see three futures-tracked products […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-24094","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24094","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24094"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24094\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}