Weekly Market Recap: Feb 01 - Feb 04

Monday:

Bitcoin tried to break out upside over the weekend, which was occasioned by Elon musk's changing his bio in support of bitcoin. The successful breakout declined back below the level on the same day. Most of its technical indicators, such as the MACD and the RSI, were bearish. However, we finally saw a correction to the upside, where it traded at the $34,000 level.

Ethereum also tried to break above the $1,400 level during the weekend and failed. It was only able to reach $1,375 before it started a decline and fell below $1,300.
But the bulls were active at the $1,275 support level, and the price began an upside correction.

In the Bitcoin cash market, there wasn't much movement. It has been only trading within certain zones, without much action, either above or below. It traded close to $400.
Ripple had a strong rally that saw a price increase of 50%. Its price cleared many hurdles, starting with $0.4000 and traded well above $0.5000.

Tuesday:

Bitcoin found it hard to scale the $35,000 level. It declined below the $34,000 level, even dipping as low as $32,178. It later traded within the $33,000 range.

After trying to clear past its ATH and break back above the $1500 range, ethereum dipped below $1,300. It formed a swing low close to $1,260. The bulls defended it, and we saw a break out above $1,300. It continued in an uptrend and traded above $1,440.

Bitcoin cash was in a bear's market. It declined by almost 10%, and its market was under a lot of selling pressure, while Litecoin broke above its significant resistance at $140 and traded above it.

Wednesday:

Bitcoin was finally able to break above the $35,000 Range, a significant resistance zone for a while. It saw a gain of 6.9% overnight, and its trading volume increased by nearly 5% within 24 hours.
After Tuesday's rally towards the $1,450 zone, ethereum cleared that level and broke above the $1,500 level to reach a new all-time high at $1,555. After which it fell back below the $1,520 level. It began a fresh increase and scaled back up to $1,530, where it's traded above it.

Litecoin saw a price gain of 13%. It trades above $150 but declined a bit to trade below $150. After its recent rally and subsequent plunge, Ripple continued to hold the $0.3400 support zone.
Bitcoin Cash (BCH) saw a turnaround after its recent decline. It gained by over 2% to currently trade above $400.

Thursday:

After Bitcoin cleared the $35,000 level, it contained on and a significant bull run. It smashed through resistance to reach the $38,000 zone and reach a high at $38,342. It corrected after this surge as traders moved to cash out on profits and dipped below $37,000. It began an uptrend again and traded above 37,500.

Ethereum soared above the $1,600 level and crossed past $1,650 to get a new all-time high at $1,697. It then began correcting lower and traded below $1,630. Bitcoin Cash saw a recent rally towards $465, but the bears took charge as traders began selling off. It traded below $430. Litecoin tried to rally to $165 but fell through and then traded below $150.

It's been an exciting week for cryptocurrencies, especially ethereum, which saw two all-time highs in one week!