Monero's bullish momentum increases as privacy cryptocurrencies strengthen following the key court ruling on the Tornado Cash mixer.
In Summary
Monero reached $211.07, its highest value since May 2022, leading the privacy cryptocurrency rally with a weekly increase of 30.6%.
Cryptocurrencies like Haven (+217%), Verge (+188%), and Zcash (+27.5%) also stood out in gains following the court victory over Tornado Cash.
Privacy cryptocurrencies face regulatory scrutiny while their cryptographic techniques maintain anonymous and surveillance-resistant transactions.
This Wednesday, the privacy-focused cryptocurrency Monero surged to over $211.07, its highest value since May 2022.
At the time of publication, Monero has slightly pulled back from its local high, currently trading at $205.05, after a 17.8% increase on the day and 30.6% for the week, according to CoinGecko.
Monero's bullish momentum increases as privacy cryptocurrencies strengthen this week, with the category rising more than 12% just in the last 24 hours, according to CoinGecko data.
Cryptocurrencies like Haven (up 217%), Verge (up 188%), Zcash (up 27.5%), and Decred (up 30%) are leading the weekly gains in this type of privacy coins.
