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Altcoins & DeFi

What It Would Take for XMR to Lose $600 and Slide Back Toward $160

Image: Crypto Daily

Three Things to Know Hackers who allegedly hit a major French bank routed stolen funds into Monero, raising questions about the coin's monthly rally. XMR trades well above its key moving averages, with momentum readings still favoring buyers. The late-October floor near $600 is the line that separates a steady uptrend from a much deeper slide. An alleged cyberattack on French lender Credit Mutuel Arkea sent tens of millions in stolen funds through Ether and into Monero. The bank confirmed the breach and said customer money is safe. The timing puts XMR under a spotlight while it outpaces a weak market. Traders now want to know whether the rally rests on real demand or on illicit flows, and how far thin liquidity could drag the price if support cracks.

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