Monero outperforms the market: XMR has doubled against bitcoin in a year

Monero (XMR) is one of the few large coins in positive territory on Wednesday: the price rose 6.3 percent in 24 hours to around $585, while bitcoin slipped 0.4 percent and barely moved. Measured in bitcoin, one Monero now costs more than twice as much as it did a year ago. Anyone who wants to buy or hold XMR in Europe, however, runs into a narrow route to market and an EU deadline in July 2027.

Prices in this article are as of November 11, 2026, 3:50 pm CET. They are based on CoinGecko market data.

Monero price on November 11: up 6.3 percent while bitcoin stays calm

Monero traded at $584.62 in the afternoon. The low of the past 24 hours was $545.55, so the climb from that low to the current price amounts to just over 7 percent. With a market capitalisation of around $11.0 billion, XMR ranks 12th among the largest cryptocurrencies.

Bitcoin cost $73,632 at the same time, which put it 41.6 percent below its record of $126,080 from October 2025. Monero is closer to its own all-time high: the peak on January 14, 2026 was $797.73, a gap of 26.7 percent.

The weekly picture is more mixed. Over seven days Monero is down 8.8 percent, over 30 days it is up 9.3 percent. Today's jump therefore recovers part of the decline since the monthly high of $640.02 on November 4.

On Tuesday, cryptoticker.io reported a 5.6 percent drop to $568. Since then XMR has reclaimed the $568 mark and added around $17 on top. According to the information available, the situation around the THORChain integration described at the time has not changed yet.

XMR vs BTC: the ratio is close to its one-year high

The ratio to bitcoin tells you more than the dollar price. It shows how many bitcoin a single Monero costs, and therefore whether an altcoin is beating the overall market or simply moving with it.

One Monero currently costs 0.00793 BTC. A year ago, on November 12, 2025, it was 0.00365 BTC. The ratio has thus risen by 117 percent. Compared with the level 180 days ago the gain is 62 percent, compared with 30 days ago 23 percent. The highest reading of the past twelve months came on November 4, 2026 at 0.00813 BTC, and the current level is only just over 2 percent below it.

cryptoticker.io compiled this analysis itself on November 11, 2026. It is based on 366 daily prices of Monero in bitcoin from CoinGecko market data for the period from November 11, 2025 to November 11, 2026.

For investors who hold both coins, the figure shows a clear shift: anyone who had swapped one bitcoin into Monero a year ago would now own just over twice that amount in BTC terms. The reverse holds as well. A ratio close to its annual high does not mean it will keep climbing, only that the lead built up so far is very large.

Zcash falls 17 percent: privacy coins diverge

Monero belongs to the so-called privacy coins. These are cryptocurrencies in which the sender, the recipient and the amount of a payment are either not visible on the blockchain or only partly visible. With Monero, this obfuscation is mandatory for every transaction.

The second large member of this group, Zcash, moved the opposite way on the same day: ZEC lost 16.9 percent in 24 hours and fell to around $981. The two coins, which often rose together during the autumn, thus moved more than 23 percentage points apart in a single day.

There is no solid evidence of a rotation out of Zcash and into Monero, however. The price data only show that both moves fall within the same hour, not that the same money is flowing from one coin to the other.

Why Monero is rising: established facts and open questions

No single piece of news is known that would explain Wednesday's jump. Neither the Monero project nor any of the large trading venues has published an announcement that fits the timing. The rise began on Wednesday morning and gathered pace in the early afternoon.

What is established is that trading became livelier. Monero's trading volume over the past 24 hours came to around $182 million. On average over the previous 30 days it was around $138 million a day. The price gain was therefore accompanied by volume roughly a third above the monthly average.

The longer trend is established as well. Monero trades above its 50-day average of $574 and well above its 200-day average of $436. A moving average smooths out daily swings by showing the mean closing price of the past 50 or 200 days. When the price sits above both lines, technical analysis regards the trend as pointing upwards.

THORChain integration and hashrate: the state of the Monero network

In the background, the planned integration of Monero into THORChain has been in progress for weeks. THORChain is a network for swaps between different blockchains without a central exchange in the middle. For Monero, it would be an additional trading route that does not depend on the listing decisions of individual exchanges.

According to THORChain, the development work was completed with version 3.21.1, but XMR swaps have not been switched on yet. Before that can happen, the network first has to rotate its nodes and generate a new key. No firm date for this is known.

The network itself is running smoothly. The Monero blockchain stood at block 3,804,109 on Wednesday afternoon, and the miners' computing power, known as the hashrate, was around 6.3 gigahashes per second. The hashrate measures how many computing attempts per second go into securing the blockchain. The higher it is, the more expensive an attack on the network would be.

Buying Monero in Europe: few exchanges, no Kraken trading in the EEA

The price rise does nothing to change a problem that European investors have been living with for years: many large trading venues no longer list Monero. Kraken ended XMR trading and deposits for customers in the European Economic Area on October 31, 2024. Withdrawals remained possible until December 31, 2024, after which the exchange converted any remaining balances into bitcoin at the market price. That is what Kraken's support page states.

Anyone looking for a trading venue today should therefore first establish whether Monero is available at all to customers in their country of residence. At regulated crypto exchanges with a MiCA licence the answer is often clear-cut: an exchange with a European licence has to meet strict anti-money laundering requirements and for that reason often does not list privacy coins in the first place. Workarounds via providers without an EU licence carry their own risks, for example when it comes to protecting customer funds or to the question of where a dispute would be settled.

It is also worth checking the terms on the way out. If an exchange can no longer accept XMR, holdings from your own wallet can no longer be exchanged for euros there either. With Monero, the exit therefore matters at least as much as the entry.

EU anti-money laundering regulation AMLR: privacy coins disappear from regulated platforms in 2027

The next restriction has already been set. In Article 79, the EU Anti-Money Laundering Regulation, AMLR for short, prohibits credit institutions, financial institutions and crypto-asset service providers from keeping accounts that allow transactions to be anonymised. Anonymity-enhancing cryptocurrencies, meaning coins such as Monero, are named explicitly. Under its Article 90, Regulation (EU) 2024/1624 applies from July 10, 2027.

In practice this means that from that date at the latest, regulated trading venues in the EU may no longer keep accounts holding Monero. The ban is aimed at the obliged companies, not at private individuals. According to the wording of the regulation, holding Monero in a self-custodied wallet remains permitted. The route between euros and XMR will, however, become even narrower than it already is.

Storing Monero in your own wallet: software or hardware

For storage, Monero offers two routes: the project's official wallet software or a hardware wallet that supports XMR. A hardware wallet is a small device that keeps the private keys offline and only releases transactions once they have been confirmed on the device itself. Not every model supports Monero, so a look at the list of supported coins belongs before the purchase. Our hardware wallet comparison gives an overview.

Leverage on the XMR price: how quickly a liquidation kicks in

On days like this, some platforms promote leveraged products on Monero. With leverage you trade a larger position than your own capital would allow. At 10x leverage, a move of about 10 percent against the position is enough to use up the posted collateral completely. The platform then closes the position by force, which is called a liquidation.

The swings of recent days show how close such limits are. Between the monthly high of $640 on November 4 and the low of the last 24 hours at around $546 lay almost 15 percent. Anyone who stood on the wrong side of that range with high leverage lost their entire stake.

Monero price levels: $640 above, $574 and $527 below

On the upside, the monthly high of $640.02 from November 4 is the first important level. Beyond it, the all-time high of $797.73 from January would still lie a good 36 percent above the current price.

On the downside, the 50-day average at $574 forms the first support, only just under 2 percent below the current price. Below that come the daily low at $546 and the 30-day low of $526.85. Only the 200-day average at $436 marks the line beneath which the long-term uptrend would be broken.

Against bitcoin, the level to watch is 0.00813 BTC. If the ratio rises above the November 4 high, Monero would be beating the overall market by a wider margin than at any point in at least a year. If it falls back below 0.0076 BTC, Wednesday's jump would have been erased again.

Monero at $585: above $640 the monthly high gives way

Two steps help you put the price rise into context instead of chasing it:

1. Check the trading venue: Before buying, check whether your exchange offers Monero to customers in your country at all and whether it holds a MiCA licence. You will find a selection among the regulated crypto exchanges.
2. Plan your storage: With the AMLR deadline of July 2027 in mind, your own wallet is the long-term place for Monero. Our hardware wallet comparison shows which devices support XMR.

(As of November 11, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)