Your weekly crypto price update
Every week we share our top 5 with you, the top 5 was chosen in January 2020, which means that it is almost time for you to choose the next top 5 coins!
Last week was the week of the American elections between Joe Biden and President Donald Trump. As expected this meant a lot of volatility in all markets, the whole world was watching the election results and could not believe their eyes. It was getting so close and tensions where rising. The whole world was kept waiting and waiting and just last weekend we got the message from the international mainstream media that Joe Biden supposedly has won the Elections in the United states! (We are saying supposedly because it is ofcourse only valid when the supreme court makes their final decision on the validity of the elections)
It seemed like the investors in Bitcoin and other Cryptocurrency did not mind that the elections where slow and undecisive for several days because it was Time for Bitcoin to start making huge jumps! On Tuesday we started to see huge buying pressure after retaking $14.000 as a valid support and started the climb all the way up to $16.000 before cooling of!
While all markets where still anxiously waiting on the Results Bitcoin took the flight and managed to outperform almost every single asset class.
The winner of this week clearly was Ethereum, Ethereum Rose over 14% to a value of over $450,- increasing from less than 400 dollars in one week, making it the obvious winner of this week!
Ethereum managed to be the only crypto that could outperform BTC with gaining almost 2% against its BTC pair!
The “loser” of this week clearly was Digibyte, only gaining a little over 2% but enough to increase the market price from 2 to 2.1 cents.
Digibyte lost this week because it got tanked when you compare it to the price in BTC where it almost lost 9% to 136 sats.
This week there actually were no losers, since we had a beautiful week for almost all cryptocurrencies resulting the huge gain for a cryptocurrency like Bitcoin!