Behind the 1.5 billion dollar surge in market capitalization of Monero in one day, why are hackers no longer fond of Bitcoin?

Monero has become one of the main payment tools due to its privacy features, accounting for 45%, almost on par with Bitcoin.

Yesterday, the ancient privacy coin Monero ($XMR) suddenly erupted after being silent for a long time. It surged 30% in a single day, with the price reaching a high of 329 dollars, marking a new high since 2021. What is this old coin from 11 years ago? And why did it suddenly skyrocket?

After the stolen funds were injected, the market capitalization skyrocketed. Is Monero a hotbed for crime or a continuation of the "crypto spirit"?

2020 was Monero's second hot period. That year, the terrorist group ISIS updated its website to show that it no longer accepts Bitcoin donations and has replaced it with a more private token, Monero.

Monero employs technologies such as ring signatures, stealth addresses, and RingCT to hide the sender, receiver, and amount of transactions. This high level of anonymity gives it an advantage in privacy protection!

Dark web transactions, scams, ransom from kidnapping, and exit routes for hackers stealing coins can be said to make Monero notorious, with the large-scale adoption of "underground trading."