Analysis of BTC Hacker's Potential Move to Monero Derivatives
Exploring how a suspected BTC hacker's conversion into Monero affected market dynamics.
Recent in
Exploring how a suspected BTC hacker's conversion into Monero affected market dynamics.
The price of Monero (XMR) soared nearly 40% on Monday, following a suspicious large transaction involving Bitcoin, according to blockchain researcher ZachXBT.
Monero's trading volume shot up significantly, leading to a notable price increase driven by a potential exploit.
Monero experienced a remarkable 50% rise to $388 following a significant Bitcoin heist, with stolen BTC being converted to XMR, leading to a sudden demand surge.
Technical indicators suggest Bitcoin may catch up with gold's rally, whereas Monero shows promising bullish signals.
After Monero's removal from key exchanges, darknet markets are shifting back to using Bitcoin due to improved liquidity and access issues with privacy coins.
Monero has surpassed the $200 mark, signaling a positive trajectory in market trends.
Every week we share the most relevant news in tech, culture, and entertainment. Join our community.
Your privacy is important to us. We promise not to send you spam!