Monero Price Surges 30% Amidst Market Buoyancy

The privacy coin Monero (XMR) experienced a dramatic surge in value on Monday morning, climbing by over 50% within a short period. The price soared from $234 to reach a high of $329 before settling at around $265. While the exact catalyst behind this sudden spike remains unclear, analysts suggest a combination of factors may have been involved. The broader crypto market showed signs of increased buying activity, with several altcoins experiencing gains.