Privacy-focused altcoins soar after Bitcoin’s ETF news sparks a market-wide rally
Traders and the market are showing extreme optimism on October. 15 subsequently rumors and an assortment of documents suggest that the path toward a Bitcoin ETF blessing has fewer obstacles lying alee.
Following the positive news, the price of Bitcoin (BTC) rallied to most $63,000 for the first time since April and multiple altcoins saw their prices book triple-digit gains.

Information from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24 hours were NuCypher (NU), Proceed Network (KEEP) and Orchid (OXT).
NuCypher partners with Go along Network
NuCyper is a protocol focused on creating decentralized encryption, access control and central management system services for public blockchains by offering cease-to-cease encrypted data sharing and decentralized storage solutions.
Data from Cointelegraph Markets Pro and TradingView shows that after hit a depression of $0.283 in the early on trading hours on Oct. fifteen, the price of new catapulted 535% to an intraday high at $1.lxxx equally its 24-hour trading book skyrocketed by 19,440% to $2.152 billion.

The surge in cost and trading volume for NU come equally the project helped to facilitate the launch of tBTC v2 on the Keep Network, which is designed to "extend the censorship-resistant properties of Bitcoin onto every network that can interoperate with Ethereum (ETH)."
Censorship-resistance comes to the Ethereum network
Go on Network is a protocol designed to offering privacy-focused infrastructure on public blockchains through the cosmos of an incentivized network for storing and encrypting private data.
VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for Go on on October. 12, prior to the recent price rise.
The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparing of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter action.

As seen in the chart above, the VORTECS™ Score for KEEP began to pick upward on Oct. 12 and climbed to a high of 75 and the toll increased 585% over the next day.
The spike in momentum for KEEP came along with the fasten in the price of NU as the two projects collaborated to release tBTC v2 on the Continue Network.
Related: BREAKING: Nasdaq list hints that the SEC may soon approve ETF awarding from Valkyrie
Blockchain-based VPN service boosts Orchid price
Orchid is a cryptocurrency-powered virtual private network (VPN) that describes itself equally "the world's kickoff incentivized, peer-to-peer privacy network."
VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for OXT on October. 12, prior to the recent price rise.

As seen in the chart above, the VORTECS™ Score for OXT climbed into the green zone on Oct. 12 and reached a high of 75 on October. 14, around 15 hours before its price spiked 82% over the next twenty-four hours.
A scroll through the project's Twitter feed points to an increased focus on privacy concerns as the impetus behind Fri's price surge, which lines up with the primary goals of both NU and Go along suggesting that the sector of privacy-related projects could be starting to concenter more attending.
The overall cryptocurrency marketplace cap at present stands at $2.482 trillion and Bitcoin'south authorisation charge per unit is 46.6%.
The views and opinions expressed hither are solely those of the writer and do not necessarily reverberate the views of Cointelegraph.com. Every investment and trading motion involves run a risk, you should conduct your ain research when making a determination.
Source: https://cointelegraph.com/news/privacy-focused-altcoins-soar-after-bitcoin-s-etf-news-sparks-a-market-wide-rally
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