Monero avoids crypto market rout, but XMR price still risks 20% drop by June By Cointelegraph

Monero avoids crypto market rout, but XMR price still risks 20% drop by June

Monero (XMR) has shown a surprising resilience against the United States Federal Reserve’s hawkish policies that pushed the prices of most of its crypto rivals — including the top dog (BTC) — lower last week.

XMR price closed the previous week 2.37% higher at $217, data from Binance shows. In comparison, BTC, which typically influences the broader crypto market, finished the week down 11.55%. The second-largest crypto, Ether (ETH), also plunged 11% in the same period.

vs. vs. weekly price chart. Source: TradingView
XMR/USD weekly price chart. Source: TradingView
XMR’s correlation with Bitcoin. Source: TradingView