Altcoins breakout even as Bitcoin price falls to $60,000

Today Bitcoin (BTC) price and Ether (ETH) price pulled back to lower support levels after an exciting week that saw BTC soar to a new all-time high after the successful launch of two exchange-traded funds. 

While much of the focus has been on BTC and Ether, multiple altcoins have racked up notable gains on as some traders appear be preparing for a possible altseason run.

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

Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24 hours were THORChain (RUNE), Moonriver (MOVR) and OKB (OKB).

THORChain resumes trading on the Ethereum network

THORChain is a decentralized liquidity protocol that offers cross-chain access to different blockchain networks and lets users retain full custody of their assets while transacting between networks.

According to data from Cointelegraph Markets Pro, market conditions for RUNE have been favorable for some time.

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

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

As seen in the chart above, the VORTECS™ Score for RUNE has been elevated in the green zone for the majority of the past week and reached a high of 74 on Oct. 18, around 19 hours before its price increased 60% over the next two days.

The renewed momentum for RUNE comes following the resumption of trading on the Ethereum network, which had been halted since the protocol suffered an $8 million hack back in July of 2021.

Moonriver expands its ecosystem

Moonriver is one of the newly-launched Kusama parachain protocols that is an Ethereum-compatible smart-contract platform that provides a permanently incentivized canary network.

Data from Cointelegraph Markets Pro and TradingView show that after hitting a low of $234 on Oct. 19, the price of MOVR has surged 75% to an intraday high at $410 on Oct. 22 as its 24-hour trading volume…

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