Share this article
Monero Price Hits Record High Near $100 on New Exchange Listing
The price of monero, the privacy-oriented cryptocurrency created in 2014, shot up sharply this morning, shattering its previous record by around $35.
Updated Sep 14, 2021, 1:56 p.m. Published Aug 21, 2017, 10:45 a.m.
The price of monero, the privacy-oriented cryptocurrency created in 2014, shot up by over 80 percent this morning, shattering its previous record by around $35.
According to data from CoinMarketCap, the cryptocurrency has been largely trading in the $40–$55 range since May, yet at 07:00 UTC today, a spike in trading volume saw the price suddenly spike to an all-time high of just over $95.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
While it's often hard to pin down the underlying causes of price fluctuations, news that South Korean exchange Bithumb is soon to launch trading in monero may be in part responsible. That exchange has recently seen vigorous trading for the newly created cryptocurrency, bitcoin cash, that has helped the asset's price shoot to new heights in recent days.
Monero trading is set to commence on August 27, according to an announcement by the exchange.
CoinMarketCap data indicates that volumes were highest on the Poloniex exchange today, which saw around 41 percent of total trading for the cryptocurrency.
Elsewhere in the markets, bitcoin is continuing it's period of relative price stability today, having hovered in the low $4,000s over the last four days. This follows a period of rapid increases in value that saw a number of record highs set last week.
At press time, bitcoin prices across global exchanges were $4,140 on average, according to the CoinDesk Bitcoin Price Index. The high for the day so far is $4,142.
Trading chart image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Japan’s Higher Rates Puts Bitcoin in the Crosshairs of a Yen Carry Unwind
A stronger yen typically coincides with de-risking across macro portfolios, and that dynamic could tighten liquidity conditions that recently helped bitcoin rebound from November’s lows.
What to know:
- The Bank of Japan is expected to raise interest rates to 0.75% at its December meeting, the highest since 1995, affecting global markets including cryptocurrencies.
- A stronger yen could lead to de-risking in macro portfolios, impacting liquidity conditions that have supported bitcoin's recent recovery.
- Governor Kazuo Ueda indicated a high probability of a rate hike, with officials prepared for further tightening if their economic outlook supports it.
Top Stories
