Monero price analysis: XMR/USD recovers to $173, while hackers use Apple's Macs to mine the coin
|- Monero recovers from lows, but the upside momentum is weak.
- Virus infects Mac devices to mine Monero.
Monero price has settled at $173.30, having recovered from Thursday's low at $160.30. Monero is currently the 13th largest coin with a total market value of $2.7B and trading volume over $40M. Monero is most actively traded at HitBTC. Japanese Coincheck and Korean Korbit delisted Monero due to privacy issues.
Monero, infamous for its popularity among hackers who use other people's devices to mine virtual coins for them, made headlines again. A new type of malicious software hijacks Apple's Macs to mine Monero.
Researchers from cybersecurity firm Malwarebytes discovered that virus abuses innocuous Mac process called "mshelper" to mine Monero for the benefit of an unknown hacker. Virus utilizes a lot of CPU power, but it is not dangerous to Macs.
"Affected users saw their fans whirring out of control and a process named 'mshelper' gobbling up CPU time like Cookie Monster. Fortunately, this malware is not very sophisticated and is easy to remove," the company wrote in its blog.
Monero technical picture
XMR/USD peaked at $298 on April 24 and has been sliding ever since. A break below $215 support created by 50-DMA worsens the technical picture significantly. Bears are behind the driving wheel as long as the price stays below the said level. On the downside, the support is seen at $160.00
XMR/USD, the daily chart
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