Monero’s Link to a High-Profile Hack Raises Concerns and Market Risks

Azeez Mustapha


Unlock Daily Forex Signals

Select a Plan


1 - month



3 - month



6 - month






Separate Swing Trading Group



Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more


Service for copy trading. Our Algo automatically opens and closes trades.


The L2T Algo provides highly profitable signals with minimal risk.


24/7 cryptocurrency trading. While you sleep, we trade.


10 minute setup with substantial advantages. The manual is provided with the purchase.


79% Success rate. Our outcomes will excite you.


Up to 70 trades per month. There are more than 5 pairs available.


Monthly subscriptions begin at £58.

Monero's Link to a High-Profile Hack Raises Concerns and Market RisksMonero’s link to a high-profile hack raises concerns and market risks. The revelation of Monero’s involvement in a high-profile hacking case, with the accused demanding ransom in the cryptocurrency, may negatively impact XMR’s price. The Finnish investigation, uncovering the intricate process of converting Bitcoin to Monero, adds complexity and raises concerns globally.

Monero’s privacy features, while attracting users, now face heightened regulatory scrutiny. The association with illicit activities and potential regulatory actions could create a negative sentiment among investors, leading to a decline in demand for Monero. This news further underscores the challenges privacy-centric cryptocurrencies face in maintaining market trust amid increasing attention from authorities and calls for stricter regulations.

Key Monero Levels To Watch – January 29

TradingView ChartUntil late December last year, XMRUSD was in a bullish trend. Currently, the MA Cross signals that the market is in a bullish move. This came long after a change of character to the downside.
The price is undergoing a major retracement into the premium zone. The overall bearish trend is likely to resume as the Stochastic Oscillator leaves the oversold region.

XMR Key Levels

Resistance Levels: $174.90, $180.80, $187.50 
Support Levels: $146.20, $141.20, $135.70

Market Metrics

Total Market Capitalization: $1.57T
Monero Market Capitalization: $3.0B
Monero Volume: 73M
Market Rank: #29

You can purchase Lucky Block here.  Buy LBLOCK

Note: is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *