Monero jumps 6.3% while XMR doubles its bitcoin value in a single year

Monero is doing what almost nothing else in the market is doing on Wednesday. XMR climbed 6.3 percent in 24 hours to $584.62 in the afternoon, while bitcoin slipped 0.4 percent and sat at $73,632 — still 41.6 percent below its $126,080 record from October 2025. The gain came off a 24-hour low of $545.55, lifting Monero's market capitalisation to roughly $11.0 billion and a 12th-place ranking among crypto's biggest coins.

The dollar price is only half the story. One Monero costs 0.00793 BTC right now, against 0.00365 BTC on November 12, 2025 — a 117 percent jump in a year. Over 180 days the ratio is up 62 percent, over 30 days 23 percent, and the twelve-month high of 0.00813 BTC, set November 4, 2026, is just over 2 percent away. In plain terms: a bitcoin swapped into Monero a year ago would now buy more than twice as much back.

Wednesday's move is also a partial recovery, not a clean breakout. Monero is down 8.8 percent across seven days and up 9.3 percent over 30, after touching a monthly high of $640.02 on November 4 and sliding 5.6 percent to $568 on Tuesday, as cryptoticker.io reported. Zcash went the other way hard, dropping 16.9 percent to around $981 — putting the two privacy coins more than 23 percentage points apart in a single day. The data show both moves in the same hour, but nothing confirms money rotating from one into the other.

No announcement explains the timing. Neither the Monero project nor any major trading venue published news that fits, though volume ran at about $182 million over 24 hours against a 30-day average of $138 million. XMR trades above its 50-day average of $574 and well above its 200-day average of $436 — a technical read that points upward, even as the coin sits 26.7 percent below its January 14, 2026 record of $797.73. The network itself is ticking along: block 3,804,109 and a hashrate around 6.3 gigahashes per second.

THORChain's Monero integration is still parked at the gate. Development finished with version 3.21.1, according to THORChain, but XMR swaps are not switched on — the network first has to rotate nodes and generate a new key, and no date is set. When live, it would give Monero a trading route independent of individual exchanges' listing decisions.

Europe remains the harder problem. Kraken ended XMR trading and deposits for European Economic Area customers on October 31, 2024, allowed withdrawals until December 31, 2024, then converted leftover balances into bitcoin at market price, per its support page. The EU's Anti-Money Laundering Regulation, in Article 79, bars credit institutions, financial institutions and crypto-asset service providers from keeping accounts that enable anonymised transactions — privacy coins named explicitly. Regulation (EU) 2024/1624 applies from July 10, 2027. Self-custodied Monero stays legal for individuals; the euro-to-XMR on-ramp gets narrower.