Altcoins see a 35% bounce after Bitcoin reclaims $43,000

Evergrande has informed investors that the sharp correction that threatened Bitcoin and altcoin price drops is now over. Global markets felt reassured and prices for major equities, Bitcoin, and altcoins all rebounded at the open.

BTC traded above $43,300 on Sept.21 after a rapid drop below $40,000 and Ether (ETH has regained the $3,000 mark. Altcoins are also seeing a strong recovery. Many have posted up to 15% gains as of the writing.

The top 7 coins that saw the largest 24-hour price changes. Source: Cointelegraph Markets Pro

Cointelegraph Markets Pro and TradingView data show that Livepeer (LPT), COTI(COTI) and Axie Infinity, (AXS) were the largest gainers in the last 24-hours.

Livepeer is listed on the Web3 Index

Livepeer, an Ethereum-based decentralized streaming video network, aims to replace traditional broadcasting solutions.

VORTECS(tm), data from Cointelegraph Markets Pro, began to detect a bullish outlook on LPT on September 21, before the recent price rise.

Cointelegraph’s exclusive VORTECS(tm), Score is an algorithmic comparison between historical and current market conditions. It is derived from a combination data points, including trading volume, market sentiment and recent price movements, as well as Twitter activity.

VORTECS(tm), Score (green) vs. the LPT price. Source: Cointelegraph Markets Pro

The chart shows that the VORTECS(tm), Score for LPT started to rise on Sept. 20, and reached a peak of 71 on Sept. 21. This was 19 hours before the price spiked 36% the following day.

LPT prices have risen after the launch of Web3 Index, which included Livepeer among its initial projects. This helped to increase the visibility of the project.

COTI’s Treasury releases its “tech” whitepaper

COTI, an enterprise-grade fintech platform that focuses on decentralized payments is the second largest gainer in the past 24 hours.

VORTECS(tm), data from Cointelegraph Markets Pro, began to detect a bullish outlook on COTI on September 21, before the recent price rise.

VORTECS(tm), Score (green), vs. COTI Price. Source: Cointelegraph Markets Pro

The chart shows that the VORTECS(tm), Score for COTI rose into the green on September 2 and hit a peak of 77 just 10 hours later, before the price spiked 35% the following day.

After the publication of the COTI Treasury technological whitepaper, and the token’s listing at Crypto.com, the COTI price has recovered.

Related: Avalanche recovers after Evergrande-led sale-off, as AVAX surges over 30%

After a long downturn, xie Infinity recovers

Axie Infinity is a cryptocurrency-based, play to-earn trading and combat game that allows users to breed, raise, and battle token-based Axies.

Cointelegraph Markets Pro data shows that the market conditions for AXS are favorable over time.

VORTECS(tm), Score (green), vs. AXS Price. Source: Cointelegraph Markets Pro

The chart shows that the VORTECS(tm), Score for AXS was above the blue zone for most of the week. It reached its peak of 82 on September 20, just 24 hours before the price of AXS jumped 33% the following day.

AXS’s price surge was due to Bitfinex listing. This announcement was made by Cointelegraph Markets Pro’s ‘NewsQuakes(tm),’ an alert system that registered the announcement around 15 hours prior to the price rise.

The total cryptocurrency market is now worth $1.921 trillion, and Bitcoin’s dominance rate of 42.3%.

com. You should do your research before making any investment or trading decision.

https://cointelegraph.com/news/altcoins-see-a-35-bounce-after-bitcoin-reclaims-43-000