Cryptocurrencies have rallied following the recent trade agreement between the United States and China . While Bitcoin teases a breakout to fresh ATH, hovering at $106,590, privacy-focused coins Monero and Zcash display lucrative performance, up 68% and 30%, respectively, on their monthly price charts. The rally has grabbed the attention of institutional and retail investors, especially as XMR and ZEC outperformed top assets like Bitcoin and the US dollar. Meanwhile, Bitfinex identified the catalyst driving privacy digital tokens: the renewed interest in anonymity within the crypto sector. Bitfinex @bitfinex · Follow Privacy has returned to the spotlight in crypto.As institutions pursue compliance and visibility, @monero and @zcash attract users who value discretion, autonomy, and control over their transactions.🕵️♀️Explore the renewed interest in privacy coins ⬇️ blog.bitfinex.com/education/are-… 7:03 PM · May 16, 2025 196 Reply Copy link Read 55 replies The intensified regulatory scrutiny globally has likely sparked interest in confidential transactions. Privacy prioritized amid regulatory chatter Monero and Zcash’s comeback coincides with rising worries about centralized data gathering, government outreach, and digital surveillance. With nations introducing stiffer AML and KYC policies, crypto enthusiasts are migrating to projects that promise transactional privacy. Bitfinex explained : “As central banks and regulators move toward frameworks such as CBDCs, real-time transaction monitoring, and stricter KYC/AML policies, users seek tools that preserve financial anonymity. Privacy coins offer a technological counterweight to these trends by enabling peer-to-peer value transfer without exposing transaction histories or wallet balances.” Monero and Zcash appear to be the perfect solutions on that front. XMR’s blockchain uses stealth addresses and ring signatures to ensure anonymous transactions. Meanwhile, Zcash’s zero-knowledge proofs allow individuals to choose between shielded and transparent transfers. Therefore, the duo’s comeback reflects sentiment shifts, with most users prioritizing privacy. XMR and ZEC price actions Top privacy cryptocurrencies displayed substantial gains as their market cap increased by 3% in the past 24 hours to $45.81 billion. Also, their daily trading volume soared 20% to $5.49 billion (CoinMarketCap data), indicating renewed interest in the asset class. XMR trades at $362 after gaining 4.06% and 6% in the past day and week. It has remained elevated in the past few sessions amidst upbeat sentiments in privacy cryptocurrencies. Zcash joined the upside, gaining 3% the previous day to hover at $41.41. The altcoins reflect significant gains on their monthly timeframes, hinting at extended uptrends in the near term. Source – Coinmarketcap Technical indicators support the bullish narrative. The surging Open Interest ( according to Coinglass ) reflects magnified trader interest in Monero. However, the overbought conditions (as hinted by the Relative Strength Index at 85) signal potential corrections before upward resumption. Monero enthusiasts will watch the support zone at $338 upon declines. Zcash will mirror the performance of Monero – the Bitcoin of privacy cryptocurrencies. The prevailing broad market outlook supports continued gains for the altcoins. The potential Bitcoin breakout hints at imminent all-time highs above $110,000. Ali @ali_charts · Follow It looks like a bullish breakout! $BTC 9:25 AM · May 21, 2025 246 Reply Copy link Read 32 replies Such developments would see XRM and ZEC eyeing short-term targets above $400 and $55, respectively. The post Monero and Zcash soar up to 70% amid demand for privacy-focused cryptos appeared first on Invezz
