Monero price holds bullish market structure — can it survive leverage-driven volatility?

Monero (XMR) has surged past $700, reaching new record highs amid increasing demand for privacy-focused cryptocurrencies, despite tightening regulatory measures from governments worldwide. This price increase reflects a significant shift in market dynamics, with XMR now positioned among the top 15 cryptocurrencies by market capitalization.

Bitcoin long-term holders are exhibiting early signs of capitulation as a key on-chain metric has fallen below a critical threshold, indicating increased selling pressure in the market. This trend suggests that long-term investors may be losing confidence in the asset's price stability.

Bitcoin has experienced a notable rise, reaching an intraday high of $93,500 for the third consecutive day, alongside significant increases in altcoins such as Dash and Monero, which surged by 55% and 20%, respectively.

Bitcoin's price surged to $93.5K following the release of the U.S. Consumer Price Index (CPI) data, which met market expectations, reversing a dip experienced earlier in the week. The rally was accompanied by significant gains in altcoins, with Monero reaching a new all-time high near $700.