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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

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%.