A global cryptocurrency industry report has revealed that Bitcoin’s price has reached a new all-time high. The price of the leading cryptocurrency has not yet reached $50,000, but it has reached as high as $46,000. As of June 8, the currency has gained 1.5% in value and is now trading at $46,136. The price of Bitcoin has increased by 10.1% over the past 30 days, with its market capitalization rising to $130.1 billion.

The cryptocurrency market has been tough for investors, with a muddled outlook for Bitcoin after technical issues and a bear market rally that has left altcoins out in the cold. But just as it seems the crypto winter is here to stay, suddenly some altcoins are snapping back.

Bitcoin finally showed signs of life on Wednesday, after weeks of stagnation. The digital currency finally broke through the $46,000 mark, following a steeper upward trajectory in recent weeks.

On August 9, the cryptocurrency market demonstrated a new degree of resiliency, with the majority of tokens maintaining recent gains and Bitcoin reaching a fresh three-month high of $46,293.  

IoTeX (IOTX), CyberVein (CVT), and Swipe were the top gainers in the last 24 hours, according to data from Cointelegraph Markets Pro and TradingView (SXP).

Swipe, IoTeX and CyberVein lead altcoins higher after Bitcoin hits $46KTop 7 coins with the biggest price swings in a 24-hour period. Cointelegraph Markets Pro is the source of this information.

IOTX/USDT

With a rise of 27 percent in the last 24 hours, IoTeX (IOTX), a platform focused on the decentralized internet of things, has been the top performer.

IOTX rose 53 percent from a low of $0.0213 in early trading hours on Aug. 9 to an intraday high of $0.0326, according to data from Cointelegraph Markets Pro and TradingView.

Swipe, IoTeX and CyberVein lead altcoins higher after Bitcoin hits $46K4-hour chart of IOTX/USDT. TradingView is the source of this information.

The introduction of ioTube v5 on August 6 sparked interest in the project, which features a new cross-chain bridge with Polygon, an Ethereum (ETH) layer-two solution that allows two-way token exchanges between the two protocols.

SXP/USD

Swipe, a project focused on the creation of a card payment infrastructure for the cryptocurrency economy, has seen its token rise 17.12 percent in the last 24 hours.

Prior to the current price increase, VORTECSTM data from Cointelegraph Markets Pro started to identify a positive prognosis for SXP on Aug. 8.

The VORTECSTM Score is an algorithmic assessment of past and present market circumstances generated from a mix of data points including market sentiment, trading volume, recent price changes, and Twitter activity, which is unique to Cointelegraph.

Swipe, IoTeX and CyberVein lead altcoins higher after Bitcoin hits $46KSXP pricing vs. VORTECSTM Score (green). Cointelegraph Markets Pro is the source of this information.

The VORTECSTM Score for SXP rose into the green zone on Aug. 7 and reached a peak of 74 on Aug. 8, approximately seven hours before its price started to rise 23 percent the following day, as seen in the chart above.

Following Visa’s announcement that it has collaborated with Swipe and 49 other platforms to “create card programs that make it simple to convert and spend digital money at 70 million retailers globally,” the token’s popularity skyrocketed.

According to a Bloomberg expert, Ethereum may pave the door for a $100,000 Bitcoin.

CVT/USD

On Monday, the price of CyberVein, a project that aims to revolutionize decentralized databases and the way individuals store, protect, and monetize information, increased by 17 percent.

Before the current price increase, VORTECSTM statistics from Cointelegraph Markets Pro started to identify a positive prognosis for CVT on Aug. 8.

Swipe, IoTeX and CyberVein lead altcoins higher after Bitcoin hits $46KThe VORTECSTM Score (green) compared. the cost of a CVT. Cointelegraph Markets Pro is the source of this information.

The VORTECSTM Score for CVT went green on Aug. 8 and reached a high of 76, approximately 14 hours before its price started to rise 35 percent over the following five hours, as seen in the chart above.

The price recovery for CVT comes after the news that the CyberVein Foundation would now be in charge of the project’s day-to-day activities.

The author’s thoughts and opinions are entirely his or her own and do not necessarily represent those of Cointelegraph.com. Every investing and trading choice has risk, so do your homework before making a decision.

After a rocky week for Bitcoin, some altcoins are making a comeback. With Bitcoin dropping by over 6% this week, the rest of the market has been affected, and for a few coins the losses were significant. While the biggest offenders have been Monero, Bytecoin and the recently hard-forked Ethereum Classic, others have felt the pain too. Two altcoins that have had their markets hit hard are Swipe and IoTeX.. Read more about iotx coingecko and let us know what you think.

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