Bitcoin price hits $36,800 shortly after Ethereum closes above $1,500

On Feb. 2 Ether (ETH) saw its price breakout to a new all-time high at $1,555 as increased activity in the derivatives market provided clear signals that traders were bullish on the long-term prospects of the largest altcoin by market capitalization.

Bitcoin price also saw a bullish breakout as it finally crossed above the $35,000 resistance and currently trades for $36,700

ETH/USDT 4-hour chart. Source: TradingView

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