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The bears are back in the crypto territory to push down the coins that Monero [XMR] he also could not resist, as well. Due to strong sales pressure on the market, the fourteenth most valuable digital asset in terms of market capitalization is currently trading in red. The downward spiral of the XMR amid the market crash has forced the currency to trade with momentum. For the past seven days, Monero [XMR] it lost almost 16% in value and added almost 13.7% in the last month.
XMR / USD
The altcoin is moving away from breaking its key resistance level, which stands at $ 55.4. The MACD, at the time of printing, indicates that the cryptocurrency is traded in bearish territory. The 100 EMA line suggests that the currency is locked in a downward trend. The RSI time stamp, at the moment, is noted at 41.2, which clearly implies that the currency is facing strong sales pressure in the market. The CoinMarketCap data show that its virtual currency market capitalization is $ 725.43 million. Currently, the altcoin sold 4.19% against the US dollar to trade in $ 43.45.
Monero [XMR] price table
XMR / BTC
At the time of writing, the digital asset decreased by 83% compared to Bitcoin [BTC] and an XMR is worth around 0.0121504 BTC .
Monero [XMR] Latest updates
Coin of popular privacy, Monero [XMR], is known to be a favorite cryptos among cyber criminals. In fact, recent research shows that almost $ 57 million of US dollars were lost for the illegal extraction of Monero. Not only that, now is affecting the headlines as not only cyber criminals, even the kidnappers ask Monero a ransom. The kidnappers demanded nine million euros [$10 million] in the crypt after kidnapping Anne-Elisabeth Falkevik Hagen, wife of one of Norway's richest men, Tom Hagen. The amount requested by the kidnappers is about 1% of the entire market cap of Monero, a Reddit user, underlined Joaeahina.
See also:
The kidnappers demand $ 10 million for Monero as a ransom in Norway
The fake news on the Bitcoin lotteries tweeted on the account of Cricket South Africa
Image via Shutterstock
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