Bitcoin (BTC) and the cryptocurrency market in general became public on April 30, when it happened almost before the expiration of $ 4.2 billion options this month without any signs of controversy.
Data from Cointelegraph Markets and TradingView show that after briefly falling below the $ 53,000 support level on April 29, the price of bitcoin increased 10% at noon and exceeded $ 57,400.
4-hour BTC / USDT chart. Source: TradingView
The information about Michael Saylor, CEO of MicroStrategy, that the company’s revenue increased 52% from the same quarter last year, is likely to reinforce the argument that institutions should keep bitcoin in balance as a way to fight inflation. how to attract new investors.
The Central Bank’s digital currencies (CBDC) are also gaining traction when the Bank of England said it was pushing ahead with plans to launch a digital pound, and the French central bank made headlines on April 29 after settling a € 100 million bond using central bank bonds. digital currency. Which was hosted on the Ethereum (ETH) network.
Alternative currencies show great strength
While the bulk of the usual news and analysis was about Bitcoin and Ethereum, several altcoins caught the attention of traders on Friday as prices rose by two digits.
IoTeX was one of today’s highest prices, climbing 75% to a new full-time high of $ 0.085. The blockchain project aims to address scalability, privacy and high operating costs that limit the overall implementation of the Internet of Things (IoT) system.
4-hour IOTX / USDT chart. Source: TradingView
VORTECS ™ data from Cointelegraph Markets Pro began to provide optimal prospects for IOTX on April 27 ahead of the recent price rise.
Exclusive to Cointelegraph, VORTECS ™ is a mathematical comparison of historical and current market conditions derived from a number of data points, including market sentiment, trading volume, recent price movements and Twitter activity.
VORTECS ™ points (green) versus IOTX price. Source: Cointelegraph Markets Pro
As shown in the chart above, the VORTECS begynte result began to rally on April 26, reaching 76 on April 27, and then went back to 73 on April 29. It should be noted that the VORTECS result result reached 73 approximately ten hours before the price gathered 75% to a new full-time high of $ 0.0857.
The other currency that has performed well in the last two days and now scored 95 points for VORTECS ™, is PARSIQ (PRQ), an analysis platform that offers cutting-edge tools for analyzing blockchain technology in a number of industries.
VORTECS ™ result (green) compared to PRQ. Source: Cointelegraph Markets Pro
The potential for publicity for PRQ was first discovered on 28 April when the VORTECS ™ result turned green. The result remained close to this level (67) the next day, and then quickly climbed to a high level of 95 on April 30 when the PRQ rose higher.
The 95-point score is one of the highest points ever recorded in the VORTECS ™ system, and the previous points were reached in the mid-1990s, as recently shown by Polygon (MATIC) this week ahead of price increases …