Monero Hits All-Time High Amid Rising Privacy Demand and Fed Probe Drama

Monero, the leading privacy-focused cryptocurrency, has surged to a new all-time high, reaching around $598 today. This milestone signals renewed momentum in a niche of the crypto market that had remained relatively quiet during earlier rallies.

Notably, the broader crypto market has also rallied. However, privacy-focused tokens have stood out as the biggest winners. Zcash climbed sharply by 9.76% to approximately $410, reflecting growing interest in privacy-centric assets. 

Meanwhile, Monero’s new price record comes as investors increasingly move money into assets that offer financial anonymity. This trend has intensified as regulators tighten oversight across the digital asset space.

Privacy Coins Take the Lead in a Shifting Market

Market data shows increased trading volumes and a strong momentum shift. Along with the price surge, Monero recorded an over 200% jump in trading volume, which currently sits around $339 million. XMR’s market capitalization has also moved above the $10 billion level, highlighting the scale of inflows into the asset.

As a result, many analysts remain bullish and believe the move may only be getting started. One such voice is veteran trader Peter Brandt, who compared Monero’s recent price action to silver’s historical breakout. In an X post, he noted that a similar monthly candle could form if XMR clears its long-term trendline.

Market experts continue to point to growing concerns around digital privacy and financial surveillance as a driver behind Monero’s breakout. In Europe, new reporting standards now require crypto platforms to disclose detailed transaction data. This has made privacy-centric options like Monero more attractive to users worried about financial traceability.

Fed Probe Drama and Market Psychology

Monero’s surge has also unfolded against a backdrop of mounting macro and political tension in the United States. Market attention intensified after Federal Reserve Chair Jerome Powell disclosed in a video message that the U.S. Department of Justice had threatened a criminal indictment related to his June 2025 congressional testimony. The revelation escalated Powell’s clash with President Donald Trump over disagreements on interest rate cuts.

As traders monitor Powell’s legal standoff, tax-cut updates, and the upcoming CPI release, risk appetite has shifted toward assets seen as hedges against policy risk. In this environment, Monero has stood out, with demand for privacy-focused assets rising amid fears of surveillance and political interference, pushing XMR to record highs.

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