{"id":343846,"date":"2021-09-24T20:39:30","date_gmt":"2021-09-24T17:39:30","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/cross-chain-bridge-equipped-altcoins-rally-higher-despite-chinas-crypto-ban\/"},"modified":"2021-09-24T20:39:30","modified_gmt":"2021-09-24T17:39:30","slug":"cross-chain-bridge-equipped-altcoins-rally-higher-despite-chinas-crypto-ban","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/cross-chain-bridge-equipped-altcoins-rally-higher-despite-chinas-crypto-ban\/","title":{"rendered":"# Cross-chain bridge equipped altcoins rally higher despite China\u2019s crypto ban"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3c586b982d8\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3c586b982d8\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/cross-chain-bridge-equipped-altcoins-rally-higher-despite-chinas-crypto-ban\/#Ren_brings_DAI_and_BTC_to_Arbitrum\" >Ren brings DAI and BTC to Arbitrum<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/cross-chain-bridge-equipped-altcoins-rally-higher-despite-chinas-crypto-ban\/#Celer_Network_releases_cBridge_20\" >Celer Network releases cBridge 2.0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/cross-chain-bridge-equipped-altcoins-rally-higher-despite-chinas-crypto-ban\/#Civic_partners_with_Solrise_Finance\" >Civic partners with Solrise Finance<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Cross-chain bridge equipped altcoins rally higher despite China\u2019s crypto ban  <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>The bullish momentum that had been growing across the cryptocurrency ecosystem over the past few days came to a screeching halt on Sept. 24 as <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> that China had banned cryptocurrency transactions made the rounds on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social media<\/a> and initiated an abrupt fall in the price of Bitcoin (BTC) from $45,000 to $42,000.\u00a0<\/p>\n<p>After the initial knee-jerk reaction and a brief period of time for the market to digest the news, traders jumped back in to buy the dips on several altcoins which helped some of the losses seen earlier in the day.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-09\/7620a9c7-72c4-4b9e-be6d-94472274e859.png\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>Top 7 coins with the highest 24-hour price change. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/\">TradingView<\/a> shows that three of the biggest gainers over the past 24-hours were Ren (REN), Celer Network (CELR) and Civic (CVC). <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ren_brings_DAI_and_BTC_to_Arbitrum\"><\/span>Ren brings DAI and BTC to Arbitrum<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Ren is a blockchain protocol that focuses on facilitating interoperability and liquidity transfer between different blockchain networks through a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a> of darknodes that help protect user privacy. <\/p>\n<p>According to data from Cointelegraph Markets Pro, market conditions for REN have been favorable for some time. <\/p>\n<p>The VORTECS\u2122 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.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-09\/0a7cb41e-c01f-49e5-9c41-82f09de28b0f.png\"><figcaption style=\"text-align: center;\"><em>VORTECS\u2122 Score (green) vs. REN price. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>As seen in the chart above, the VORTECS\u2122 Score for REN was in the green zone for the majority of the past week and hit a high of 81 on Sept. 21, around two hours before the price increased 58% over the next three days.<\/p>\n<p>The positive momentum for REN has come as the protocol has <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/renprotocol\/status\/1441092685205422082\">launched<\/a> wr<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ed forms of Bitcoin and DAI on the Ethereum (ETH) layer-two solution Arbitrum. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Celer_Network_releases_cBridge_20\"><\/span>Celer Network releases cBridge 2.0<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Celer Network is another Ethereum layer-two scaling solution that has been gaining momentum in recent weeks thanks to its ability to lower transaction costs through the use of off-chain transaction handling which helps to increase the scalability and the transaction throughput of its network.<\/p>\n<p>VORTECS\u2122 data from Cointelegraph Markets Pro began to detect a bullish outlook for CELR on Sept. 20, prior to the recent price rise. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-09\/072d1610-e020-4c8f-aea7-80fe3955572a.png\"><figcaption style=\"text-align: center;\"><em>VORTECS\u2122 Score (green) vs. CELR price. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>As seen in the chart above, the VORTECS\u2122 Score for CELR climbed into the green on Sept. 18 and reached a high of 74 on Sept. 20, around 26 hours before its price began to increase by 99% over the next three days. <\/p>\n<p>The increase in price and demand for CELR has come following the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CelerNetwork\/status\/1440780313752313864\">launch<\/a> of its cBridge 2.0 cross-chain token bridge that facilitates the transfer of assets between multiple blockchain protocols including Ethereum, Binance Smart Chain and Arbitrum. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Diminishing returns: Is Bitcoin underperforming compared to altcoins?<\/em><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Civic_partners_with_Solrise_Finance\"><\/span>Civic partners with Solrise Finance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Civic is protocol focused on providing a blockchain-based identity management solution capable of satisfying KYC and AML requirements from regulators while also protecting the data and privacy of users on the network. <\/p>\n<p>VORTECS\u2122 data from Cointelegraph Markets Pro began to detect a bullish outlook for CVC on Sept. 21, prior to the recent price rise. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-09\/c1cbc808-41fb-465f-9fc2-9eecdd08f25d.png\"><figcaption style=\"text-align: center;\"><em>VORTECS\u2122 Score (green) vs. CVC price. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>As seen in the chart above, the VORTECS\u2122 Score for CVC began to pick up on Sept. 21 and reached a high of 74 around eight hours before its price increased by 45% over the next two days. <\/p>\n<p>The boost in momentum for Civic comes following the Sept. 23 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/SolriseFinance\/status\/1441071287837855744\">announcement<\/a> that the protocol has partnered with Solrise Finance to help launch the first permissioned decentralized exchange (DEX) on Solana. <\/p>\n<p>The overall cryptocurrency market cap now stands at $1.879 trillion and Bitcoin\u2019s dominance rate is 42.1%.<\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/cross-chain-bridge-equipped-altcoins-rally-higher-despite-china-s-crypto-ban\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Cross-chain bridge equipped altcoins rally higher despite China\u2019s crypto ban &#8221; The bullish momentum that had been growing across the cryptocurrency ecosystem over the past few days came to a screeching halt on Sept. 24 as news that China had banned cryptocurrency transactions made the rounds on social media and initiated an abrupt fall&#8230;<\/p>\n","protected":false},"author":1,"featured_media":343847,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDkvM2FjOTBlODEtNTU5NS00Nzc2LWIwMTItNGYxOTcyNzU1OGJlLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74862,74858,74863,74860,74868,74891,95119,75150,105688,90505,4973,73785],"class_list":["post-343846","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-bitcoin","tag-bitcoin-regulation","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-defi","tag-ethereum","tag-layer2","tag-market-update","tag-markets-pro","tag-ren","tag-china","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/343846","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=343846"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/343846\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/343847"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=343846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=343846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=343846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}