CryptoWeekly | Bitcoin at 11k New All-time High or Something Much More is Coming?

Editor: Oteme Eghele

Hi guys and welcome to another lovely day with Crypto Weekly, as usual, we give reviews on how the market fair the past week with regards to BTC, ETH, and EOS.

Last month was really eventful and the crypto market saw a massive rise in users, both internationally and locally.

BTC

BTC has been trading above $10k for a while with frequent movement to $9k and then rebound, but something different took place last week as BTC observed a massive surge in its price climbing from a low of $10k to a new monthly high of $11k and currently trading here

The market as we know is highly volatile and even with its volatility, it still manages to pull surprise every now, and then, the recent market price is proof of this.

Crypto adoption continues and different exchanges are gradually creating mediums where P2P trading is allowable on their platforms if this doesn’t prove a day will come where fiat might not be considered the almighty currency, I doubt any other thing would.

As usual, users are advised to do their own research before investing in any digital or offline platform.

ETH

ETH has been on the increasing side for the past few weeks, after leaving a low of $220, it surges to a new high of $300 before advancing further up this past few weeks.

ETH just like BTC observed a one-way rise in price this week moving from a low of $325 to a new monthly high of $400+ before retracing back to $380+ where it currently trades.

Ignoring the fact that Ethereum is currently facing a congested network state where gas fee climbs to $5 and more occasionally, this coin still manages to pull the market by surprise and one can only ponder and think what awaits the future price of ETH when version 2.0 launches with POS, proof of stake.

As usual, users are advised to do their own research before investing in any digital or offline platform.

EOS

ETH has been on the increasing side for the past few weeks, after leaving a low of $220, it surges to a new high of $300 before advancing further up this past few weeks.

ETH just like BTC observed a one-way rise in price this week moving from a low of $325 to a new monthly high of $400+ before retracing back to $380+ where it currently trades.

Ignoring the fact that Ethereum is currently facing a congested network state where gas fee climbs to $5 and more occasionally, this coin still manages to pull the market by surprise and one can only ponder and think what awaits the future price of ETH when version 2.0 launches with POS, proof of stake.

As usual, users are advised to do their own research before investing in any digital or offline platform.