Altcoins take the next leg up after Bitcoin price holds $47.5K

Altcoins take the next leg up after Bitcoin price holds $47.5K


Bullish sentiment returned to the cryptocurrency ecosystem on Oct. 1 after a 10% spike in the price of Bitcoin (BTC) lifted it above the $47,500 level and resulted in the liquidation of more than $270 million in short positions. 

The altcoin market quickly followed suit with a majority of the tokens in the top 200 registering double-digit gains for the day.

Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro

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Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24 hours were Oasis Network’s ROSE token, Axie Infinity Shards (AXS) and Icon’s ICX token.

The allure of privacy draws traders to Oasis Network

Oasis Network is a privacy-enabled blockchain designed for open finance and the creation of a responsible data economy.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for ROSE on Sept. 30, prior to the recent price rise.

The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic

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