Cryptocurrency Market Round-Up

Typically, cryptocurrencies are termed as digital currencies and use blockchain technology to record every transaction. Monero (XMR) is a leading cryptocurrency designed to enable private, secure, and censorship-resistant transactions. Unlike most other digital assets, Monero prioritizes anonymity by default, using advanced privacy-enhancing technologies such as ring signatures, stealth addresses, and confidential transactions to obscure transaction details and protect user identities. XMR has a market capitalization of ~USD 5.82 billion (as per TradingView as of June 26, 2025).

For the week ending June 20, 2025, the S&P Cryptocurrency Broad Digital Market (BDM) Index posted a decline of 123.77 points, or approximately 2.20%, to close at 5,506.62. The index opened the week on a weak note and sustained downward momentum throughout the period, reflecting broad-based softness across digital assets. However, as the new trading week began on June 23, the index has shown signs of recovery, supported by a broadly bullish sentiment in the cryptocurrency market. Notable gains in major digital assets such as Bitcoin and Ethereum have further reinforced investor confidence and contributed to improved market sentiment.

Having understood the S&P Cryptocurrency BDM Index movement over the last week and the scenario for the upcoming week, one cryptocurrency that seems ‘Non-Attractive’ at the current level appears to be Monero (XMR) Perpetual Futures based on the below technical parameters: -