Monero Climbs 9.4% This Week as Global Stock and Crypto Markets Weaken

Monero (XMR) advanced 9.4% over the week as global stock and crypto markets struggled, with a chart comparison by trader and analyst Peter Brandt emerging as a possible catalyst for the privacy coin’s gains. Brandt said Wednesday that Monero’s chart pattern resembled silver’s before the metal’s sharp rise to $125. The comparison may have helped fuel XMR’s advance, though no major positive catalyst was apparent. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.