Crypto Weekly

Barely the first week of the year 2021 and BTC is already pulling ATH on daily basis.

Hi guys and welcome to another beautiful day, as the entire crypto Market continue to cheer BTC price after successfully beating all its previous all-time high, it is also fun to watch how the market performance performed this previous week.

Crypto Weekly is a weekly based article that talks about market performance with respect to BTC, ETH, and EOS.

BTC

Starting the weekly price chart at a price of $28k, BTC soon climbed its way to $34k which then created a new all-time high, it was all fun until the inevitable happened and left many accounts who were trading on futures at that point in time liquidated, multiple sources confirmed the liquidation was actually one of the highest that has been recorded after BTC dropped from a high of $34k to $30k it was truly a disastrous day for multiple-day traders and spot traders simply held on to their coin while those who couldn’t bear the risk and probably bought at a higher rate before the dump still sold off at a loss, the above just shows how volatile the entire market is and unpredictable.

Barely 3 days after the above happened, BTC is currently all green and once again it has beaten all previous all-time high and currently trading at a price of $35485, many are saying the top is yet to be seen and further movement is to be expected.

If there is anything these past few days have taught us is that the entire market no matter how much you predict using previous charts, FA, and what have you, certain unforeseen circumstances might actually take you unaware, the New year is definitely one of those.

Many thought the market would probably see a retrace due to the festive season and all that but the reverse happened and BTC actually climbed further than any of its previous prices prior to now, meaning if you bought any quantity of BTC before now, at any point in time, you are already in profit.

So far in 2021, BTC has actually been the best performing market when compared to other sectors.

What are your predictions for the next coming days? Do you see a retrace coming in anytime soon or perhaps further price movement?

Do leave your comment below.

ETH

ETH might actually be the next best performing coin after BTC of course, so a few days back after the sudden and steady movement of BTC, everyone was expecting ETH to take the same part but for some reason, it was a little bit stale and no price action was observed but everything soon changed from a weekly starting price of $700, ETH soon took a sharp movement heading up and it seems there was no stopping it.

From a weekly starting position of $700, ETH achieved a high that has not been seen for the longest time after landing at $1k, a slight downward movement was later recorded after the BTC price action which left many liquidated, ETH, as well as many other coins, were affected and it gave quite the lot an opportunity to enter and also others an opportunity to take profit and close position.

The entire crypto market has been one roller-coaster over the past couple of days and ETH might be the top of it all, that said, the Ethereum blockchain continues to record a huge amount of transaction fee on daily basis and it is gradually becoming somewhat troublesome with users having to pay 10x the amount needed before now, we all hope a fix temporary or permanent comes soon.

EOS

This might actually be the worse performing coin across the entire crypto chart but all hope isn’t lost and maybe its time to shine is yet to come.

Starting from a weekly opening position of $2.6, EOS like many other alts coin also experienced the BTC price movement and soon later a spike was seen but definitely not what many expected, so we saw many alts coin which didn’t offer half of what EOS currently offers from low transaction fee to an easy to use blockchain pull some high value during the recent price movement but EOS was nowhere close.

So after achieving its all-time high way back in 2017, it seems this coin has actually lost all its willingness to move or maybe something far better than any price action we have ever experienced is coming but then we just have to wait and see what the future holds.

EOS is currently selling at a price of $2.9 and a little bit stable.

Some months back we also experienced a good movement from $2.45 to $3+ on EOS and it brought about much joy, do you think a possible movement of $3 to $4 or even above is possible on EOS based on the current BTC price action?

Do leave your comment about this below.

Until some other time stay safe.