Bitcoin (BTC) and the overall cryptocurrency market sprang to life on April 30 as an uneventful close to this month'southward $iv.2 billion options expiry occurred without any signs of controversy.

Information from Cointelegraph Markets and TradingView shows that after a brief dip beneath the $53,000 support level on April 29, the price of Bitcoin staged a 10% rally back in a higher place $57,400 past midday.

BTC/USDT iv-hour nautical chart. Source: TradingView

The revelation from MicroStrategy CEO Michael Saylor that the company saw a 52% surge in revenue compared to the same quarter last year volition likely strengthen the argument that organizations should hold Bitcoin on their balance canvas as a way to combat aggrandizement likewise every bit attract new investors.

Central banking concern digital currencies (CBDC) are also gaining traction as the Depository financial institution of England revealed that it is moving ahead with plans to launch a digital pound and the key banking company of France made headlines on April 29 later settled a $100 1000000 Euro bond using a CBDC that was hosted on the Ethereum (ETH) network.

Altcoins evidence significant forcefulness

While much of the mainstream news and focus from analysts revolves effectually Bitcoin and Ethereum, a scattering of altcoins caught the attention of traders on Fri as their prices saw double-digit gains

One of the strongest performers of the day was IoTeX which surged 75% to a new all-fourth dimension high at $0.085. The blockchain project is focused on solving the problems of scalability, privacy and loftier operating costs which are limiting the mass adoption of the Net of Things (IoT) ecosystem.

IOTX/USDT 4-hour chart. Source: TradingView

VORTECS™ data from Cointelegraph Markets Pro began to discover a bullish outlook for IOTX on Apr 27, prior to the contempo price ascension.

The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market atmospheric condition derived from a combination of data points including market sentiment, trading volume, contempo price movements and Twitter activity.

VORTECS™ Score (dark-green) vs. IOTX price. Source: Cointelegraph Markets Pro

Every bit seen in the chart higher up, the VORTECS™ Score began to climb on April 26 and reached a high of 76 on Apr 27 before spiking to 73 again on April 29. It's worth noting that the VORTECS™ Score hit 73  roughly ten hours before the toll spiked 75% to a new all-fourth dimension loftier at $0.0857.

A 2d coin that has been performing well over the past couple of days and is now registering a VORTECS™ Score of 95 is PARSIQ (PRQ), an analytics platform that offers cutting-edge tools for the analysis of blockchain technology across a variety of industries.

VORTECS™ Score (green) vs. PRQ price. Source: Cointelegraph Markets Pro

Bullishness for PRQ was offset detected on April 28 when the VORTECS™ Score reached the light-green zone. The score stayed virtually that level (67) over the adjacent twenty-four hours so speedily climbed to a loftier of 95 on April xxx as the price of PRQ rallied higher.

A score of 95 is ane of the highest scores ever registered on the VORTECS™ system, and previous instances of scores in the mid to high 90'southward have been shown to precede further price appreciation, as was recently demonstrated by Polygon (MATIC) this week.

Daily cryptocurrency marketplace performance. Source: Coin360

Mostly, altcoins rallied across the lath, boosting the full market capitalization to $2.177 trillion while Bitcoin'southward dominance rate slipped to 48.8%.

The views and opinions expressed here are solely those of the writer and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves chance, y'all should comport your ain research when making a decision.