Overview
- Monero set a fresh all-time high around $592–$596 on Jan. 12 before a modest pullback, with its market capitalization briefly topping $10 billion, according to CoinGecko and CoinMarketCap.
- Futures open interest jumped roughly 54% in 24 hours to about $193 million, signaling new participation that could heighten short‑term volatility, CoinGlass data show.
- Dubai’s Financial Services Authority banned privacy tokens within the DIFC, citing anti‑money‑laundering and sanctions‑compliance risks, underscoring policy headwinds for the sector.
- Market participants cautioned that liquidity concentrated on offshore venues can fragment price discovery and amplify swings in privacy coins.
- Analysts highlighted a multi‑year technical breakout in XMR, with upside targets such as $626 near term and higher levels discussed as projections rather than certainties.