CoinWorld News reports that Monero broke through $687 on Tuesday to hit a new all-time high, with a 24-hour increase of approximately 14% and a 45% rise over the past week. Its market cap ranking has risen to 12th place. The overall market capitalization of privacy coins has increased by 3.5%, with trading volume surging by 32%, outperforming the overall crypto market. Industry analysts point out that increasingly strict KYC and AML regulations are the main factors driving investor demand.

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