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Monero avoids crypto market rout, but XMR price still risks 20% drop by June -Breaking

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Monero steers clear of crypto market rout. However, XMR prices still face a 20% decline by June

Monero (XMR) has shown a surprising resilience against the United States Federal Reserve’s hawkish policies that pushed the prices of most of its crypto rivals — including the top dog (BTC) — lower last week.

Binance data shows that XMR closed at $217 last week, 2.37% more than the prior week. BTC ended the week with a 11.55% drop, as it is a key factor in the wider crypto market. Ether, the second largest crypto (ETHAlso, it plunged 11% during the same period.

Vs. Weekly Price Chart TradingView
Weekly chart of XMR/USD prices. Source: TradingView
Correlation between XMR & Bitcoin Source: TradingView