At a Glance
- Monero (XMR) surged 17% to $580 in the past 24 hours
- Bitcoin briefly touched $92,400 before sliding back to $90,600
- Most major altcoins posted losses, with POL dropping over 8%
- Why it matters: XMR’s rally stands out amid a stagnant crypto market stuck below $3.2 trillion
Bitcoin’s latest attempt to break higher fizzled fast, leaving most alternative coins nursing losses while privacy-focused Monero extended its week-long tear.
Bitcoin’s $2K Monday Pop Fades
The leading cryptocurrency started the week with a jolt. BTC leapt from $90,600 to $92,400 early Monday as headlines highlighted renewed tension between U.S. President Trump and Federal Reserve Chair Powell. The move mirrored last Tuesday’s push toward $95,000, but sellers again stepped in before the psychological $100,000 level came into view.
By Monday afternoon the gains had evaporated. Bitcoin returned to the $90,600 mark, erasing the entire intraday rally. The flop extends a pattern that began the previous week:
- Tuesday: spike to nearly $95,000 rejected
- Thursday: slide under $89,500
- Weekend: quiet range between $90,000 and $91,000
- Monday: false breakout to $92,400
Bitcoin’s market capitalization now sits at $1.81 trillion, with its share of the total crypto market steady at 56.9% according to CoinGecko data.
Monero Leaves Rivals in the Dust
While bitcoin treads water, Monero has carved out a striking uptrend. XMR added 17% on the day, climbing to $580 and cementing its place as the best performer among top-100 coins. The privacy coin has now rallied for seven straight sessions, a streak that began as troubles mounted for rival privacy token ZCash (ZEC).
The advance puts Monero within striking distance of the $600 level for the first time since late 2021. Trading volumes have spiked alongside the price, suggesting fresh interest from both retail and institutional traders.
Two smaller altcoins joined XMR on the daily leaderboard:
- MYX posted double-digit gains, trailing just behind Monero
- CC also landed in the green, rounding out the top-three performers
Broader Market Stagnates Near $3.2 Trillion
Outside of the privacy-coin niche, momentum has cooled. The aggregate crypto market valuation remains pinned just under $3.2 trillion, unable to extend the year-to-date climb that added roughly $500 billion since December.
Major large-caps mostly drifted lower in the past 24 hours:
- BNB, XRP, DOGE, TRX, BCH, ADA, XLM all finished in the red
- SOL managed a modest 2% uptick, the only top-10 token besides XMR to post gains
- POL led losers with an 8% slide, cooling off after its own recent rally
The sideways price action reflects a market waiting for fresh catalysts. Macro traders cite the upcoming Fed policy meeting, while crypto-specific watchers eye potential spot-ETA approvals in Europe and ongoing regulatory developments in the United States.
Key Takeaways
- Bitcoin’s $2,000 Monday rally reversed within hours, leaving BTC at $90,600
- Monero’s 17% surge to $580 marks the standout move among top tokens
- Most major altcoins traded lower, underscoring narrow leadership in the market
- Total crypto capitalization holds under $3.2 trillion as momentum fades
