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While the cryptocurrency market has opened its doors to bears to intervene, Monero [XMR] along with other altcoins he started trading in red. The fourteenth most precious digital currency in terms of market downturn after the downward trajectory is negotiating with momentum. Although the currency has not yet yielded to heavy losses, it seems that it will first reach the oversold level on the market. Previously, when the condition of the crypto-market remained moderate, the Monero [XMR] it has plummeted by almost 12% in the last seven days and has risen by almost 6% over a period of one month.
XMR / USD
The MACD indicates that the cryptocurrency is traded in bearish territory and at the time of writing, the currency shows a downward trend, as evidenced by the 100 EMA line. Virtual currency is trading below its key support level, which is $ 45.8. The RSI time stamp, at the time of printing, is 38, which shows that digital activity is rapidly increasing oversold levels in the market. The cryptography has decreased by about 1.87% compared to the US dollar to be exchanged at the moment $ 45.07. Altcoin's overall market capitalization is $ 752.48 million, according to CoinMarketCap data.
Monero [XMR] price table
XMR / BTC
The digital currency, at the moment, has slipped by almost 1.47% against Bitcoin [BTC] and an XMR is evaluated around 0.0123035 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.
A new research report suggests that Monero [XMR] is the most favored cryptocurrency among cybercriminals in underground economies such as Pay-Per-Install services. 4.32% of this digital currency has been lost due to the illegal extraction of crypts from underground economies. The miners have generated about $ 57 million from the illicit extraction of Monero. Two researchers, Sergio Pastrana of the Universidad Carlos III of Madrid and Guillermo Suarez-Tangil of the King & # 39; s College of London, published their research last week. The research focused on cryptographic malware. He traced the increased interest in underground economies to encrypted malware. The research found that most of these miners used simple mechanisms to avoid detection and used a minimal and inexpensive infrastructure to extract Monero
See also:
The kidnappers demand $ 10 million for Monero as a ransom in Norway
Almost $ 57 million of XMR lost for the illegal extraction of Monero: research
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