The price of monero, the privacy-oriented cryptocurrency created in 2014, shot up by over 80 percent this morning, shattering its previous record by around $35.
While it's often hard to pin down the underlying causes of price fluctuations, news that South Korean exchange Bithumb is soon to launch trading in monero may be in part responsible. That exchange has recently seen vigorous trading for the newly created cryptocurrency, bitcoin cash, that has helped the asset's price shoot to new heights in recent days.
Elsewhere in the markets, bitcoin is continuing it's period of relative price stability today, having hovered in the low $4,000s over the last four days. This follows a period of rapid increases in value that saw a number of record highs set last week.
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