Monero Hits Eight-Year High as Privacy Coins Regain Investor Attention

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Monero (XMR) hit $592 on January 12, 2026, marking an eight-year high as investor sentiment shifted toward privacy coins. The rally came as broader crypto markets remained uncertain, with Monero showing strength in a volatile environment. Ryan McMillin of Merkle Tree Capital said privacy coins had built a base in late 2025, but warned liquidity constraints on regulated exchanges could fuel swings. Despite regulatory pressure, demand for privacy remains strong, with Monero at the forefront of renewed interest.
  • Monero reached an eight-year price high as privacy-focused tokens regained investor attention.
  • Privacy coins showed resilience while broader crypto markets struggled for direction.
  • Liquidity concentration may amplify volatility despite strong demand for transaction privacy.

Monero — XMR, shocked the market on Sunday with a powerful breakout. The privacy-focused cryptocurrency climbed above $592. Traders watched a quiet corner of crypto come alive again. While major tokens stalled, Monero pushed higher with conviction. The move signaled renewed appetite for privacy-focused assets. Many investors had ignored this segment during recent rallies. That changed fast once Monero started running. Momentum returned, and attention followed close behind.

UPDATE: Monero (XMR) sets new record price as privacy trade re-emerges. Monero tagged a new ATH of 596 earlier this morning jumping nearly 34% on the week. pic.twitter.com/QQ1ge0Nbr9

— MYRIAD (@MyriadMarkets) January 12, 2026

Privacy Coins Step Back Into the Spotlight

Monero reached the highest price level seen in eight years. The previous peak followed a January 2018 breakout near $542. Data from CoinGecko confirms the milestone. The token gained 24% in one day. Weekly gains stretched close to 40%. Such numbers stood out during a sluggish market phase. This rally did not appear out of nowhere. Privacy-focused tokens showed resilience late last year. While broader markets struggled, this niche held steady. Zcash captured attention during the fourth quarter. Quietly, capital began rotating across the privacy segment.

Market participants noticed the shift. Ryan McMillin of Merkle Tree Capital shared that view. He described privacy as one of few sectors holding firm through late 2025. That strength built a foundation for recent gains. Monero simply led the next leg higher. The renewed interest reflects changing investor priorities. Traders appear selective rather than broadly bullish. Capital flows follow narratives with clear purpose. Privacy offers such a theme during uncertain regulatory climates.

Liquidity Risks and the Bigger Picture

McMillin urged caution despite XMR’S strong price action. Many privacy tokens remain absent from regulated onshore exchanges. Trading activity concentrates on fewer offshore venues. Such structure affects price discovery.Limited liquidity can amplify price swings. Fragmented volume may exaggerate short-term moves. McMillin warned against reading rallies without deeper volume analysis. Sharp spikes sometimes mask structural weaknesses.

Even so, long-term interest extends beyond trading mechanics. Supporters highlight growing demand for transactional privacy. Governments continue tightening controls on cash usage. Oversight around digital payments also expands. These trends raise questions about financial privacy. Tools protecting transaction confidentiality gain relevance. Monero fits that role directly. Such dynamics help explain recurring interest in privacy-focused cryptocurrencies.

Regulatory debates remain unresolved. Privacy coins still face scrutiny across many jurisdictions. Yet demand persists despite those challenges. Market cycles continue pulling this theme back into focus.The broader crypto market lacks clear direction. Bitcoin and major altcoins struggle for momentum. Sector-specific stories now drive price action. Monero benefits from that environment.

Sunday’s surge reinforced that point clearly. Privacy coins no longer sit quietly on the sidelines. Monero reclaimed leadership within this niche. Traders now watch whether momentum can sustain. Sustained volume and broader exchange access could shape next moves. Without those factors, volatility may increase further. For now, Monero stands as a reminder. Niche narratives still carry serious weight during uncertain markets.

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