Cryptocurrencies
Altcoin Monero Surges as Owners Set Withdrawal From Exchanges
- Monero hits five-month high Monday as other tokens decline
- Some owners move tokens from exchanges to personal wallets
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Privacy-focused cryptocurrency Monero is staging a surprising surge on Monday, running counter to the declines shown by most other tokens.
Monero rose as much as 14%, while Bitcoin, the largest cryptocurrency by market value, dropped 4% and Ether fell 5%. Other altcoins tumbled even more, with Ethereum Classic and EOS down more than 8%.