![Monero [XMR] defies market-wide bleeding thanks to its…](https://files.ambcrypto.com/wp-content/uploads/2022/04/12045928/XMRUSDT_2022-04-12_00-44-24.png)
The top 50 cryptocurrencies by market cap looked like a blood bath at the time of this press as bears continue their assault. Other than stablecoins, Monero (XMR) is the only cryptocurrency that seems to be holding on to some previous gains.
A look at XMR’s latest price action reveals that it has been on a bullish trajectory since 24 February. However, while most other top cryptocurrencies peaked and commenced retracement at the start of April, Monero managed to ward off the bears.
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