- Bitcoin and Ethereum price saw a surge last Friday when the WSB incident led to the crypto surge
- Both coins took the rest of the weekend to rest, and have seen strong price growth so far in February
- BTC returned back to near-$40k levels, while Ethereum breached $1,700 and made a new ATH
Around 29 January, both Bitcoin and Ethereum saw a price surge caused by the hype regarding Dogecoin, the Wall Street Bets short squeezes, and similar events that have awakened the crypto industry.
Last week we saw prices continue in this trend, so let’s see what BTC and ETH managed to achieve in the last seven days.
Bitcoin in the first week of February
According to information from CEX.IO, Bitcoin price has moved up by quite a bit in the last week. The price surged on 29 January all the way up to $38,647, only to crash down to $32,850 by the end of the day.
After that, it spent the weekend in relative calm, although it did see another dip on Sunday afternoon, when it dropped to $32,300.
Come Monday 1 February, however and Bitcoin started surging again; from $32,222 on 1 February, to $38,800 on 4 February. However, the price encountered strong resistance at $38,000, which caused a rejection to $37,800.
That is not where it ended, however, as the coin has continued to grow, and currently sits at $39,500, once again being only a short burst away from $40k.
In other words, it is possible that BTC could hit a new ATH if trading doesn’t slow down.
In terms of fundamental reasons for growth — there was a new forecast that noted that BTC price
