On Tuesday, Monero climbed to a new all-time high above $687 as investors sought private transactions. TradingView price data confirms the intraday peak.
Monero rose about 45% over the past week and became the 12th-largest crypto by market capitalization. CoinMarketCap data shows privacy coins’ total market cap rose 3.5% while trading volume jumped 32%.
Industry watchers cited stricter KYC and AML rules as a major demand driver for privacy tokens. CoinStats said rising surveillance and government scrutiny boosted interest in financial confidentiality.
The European Union plans to ban privacy coins and anonymous crypto accounts from 2027 under new AML rules (Ed. note: the measures would bar providers from handling coins like XMR and ZEC).
Santiment warned that social media hype around XMR has heated investor sentiment and urged caution. In an X post, it wrote “If you are looking for an entry point, consider doing so after social hype and FOMO wear off slightly.”
Rival Zcash rallied roughly twelvefold from about $48 to $744 on Nov. 7, 2025 following the October market crash. Zcash then fell about 21% last week amid slowing developer activity and a governance dispute between Electric Coin Company and Bootstrap.
Watch the related clip on YouTube.
