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May 1, 2021 08:56
| Update:
May 1, 2021, 08:56
When today’s option of $4.2 billion per month ended flatly, altcoins were affected by new highs, and the price of Bitcoin soon rose above $57,000.
Bitcoin (BTC) and the entire cryptocurrency market broke out on April 30, as there was an ordinary round in the termination of the $4.2 billion option this month, and there was no sign of controversy.
Data from Cointelegraph Markets and TradingView show that when the value of Bitcoin briefly fell below the loss of $53,000 on April 29, the value of Bitcoin rebounded for the tenth time, higher than the $57,400 at noon.
The revelation of Archangel Saylor, Chief Operating Officer of MicroStrategy, is that the company’s revenue has increased by 52% compared to the same period last year, which may reinforce the argument that in addition to responding to inflation, organizations should also use Bitcoin as a response to inflation. The easiest way to attract new investors.
The Central Bank Digital Currency (CBDC) has attracted attention because the Bank of England revealed that it is promoting the launch of the digital pound plan. Therefore, the French financial organization made headlines on April 29 with the use of CBDC to settle 100 million U.S. dollar currency unit bonds. The news is hosted on the Ethereum (ETH) network.
Altcoins show great power
Although many of the analyst’s thought news and focus are on Bitcoin and Ethereum, on Friday, some altcoins attracted the attention of traders as their costs saw double-digit increases.
One of the strongest companies that day was IoTeX, whose price soared 75% to an irreplaceable high of $0.085. The blockchain project aims to solve issues such as scalability, privacy, and high operating prices, which limit the large-scale adoption of Internet of Things (IoT) systems.
VORTECS™ knowledge from Cointelegraph Markets professionals began to be optimistic about IOTX on April 27th before the recent value increase.
Cointelegraph’s proprietary VORTECS™ score is an algorithmic comparison of historical and current market conditions based on a mix of information points, market sentiment, trading volume, recent value changes and Twitter activity.
As can be seen from the top of the chart, the VORTECS™ score began to rise on April 26, reached a high of 76 on April 27, and then soared to 73 again on April 29. It is worth mentioning that the VORTECS™ score reached 73 approximately ten hours ago and the price surged from 75 to an unparalleled high of $0.0857.
PARSIQ (PRQ) is the second token of analytical technology. It has performed poorly in the past few days. The current VORTECS™ score is 95. This is an analytical platform that provides the latest tools to analyze cross-industry blocks. Chain technology. industry.
Once the VORTECS™ score reached the inexperienced zone, PRQ bullishness was first detected on April 28. In the following day, the score remained close to this level (67), and then climbed to a high of 95 on April 30, as the price of PRQ increased.
95 points is one of the best scores in the history of the VORTECS™ system, and the scores from the mid-90s to before the 90s have proved to have higher value appreciation ability, which is indisputable in the polygon shape (MATIC) of.
Generally, altcoins have risen across the board, raising the total market value to $2.177 trillion, while Bitcoin’s dominance rate has fallen to 40% of 8.8%.
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