Well now, gather ’round, folks! It seems that our dear friend Elon Musk has just hit a staggering $850 billion in net worth-why, that’s more money than a cat with nine lives could spend in a lifetime! With such riches, it’s a whopping 72% chance he’ll sprout a third eye and become the world’s first trillionaire. In a twist that would make even the most seasoned circus performer blush, Dogecoin promptly jumped up by a sprightly 4.44% against Bitcoin on the Binance charts-as if the coin itself had heard the good news and decided to do a little jig!
Meanwhile, Ethereum is eyeing a possible 24.5% rally this February, despite starting the month down almost 8%. It’s like watching a turtle try to outrun a hare, but lo and behold, sometimes the tortoise wins the race! And speaking of races, Cardano (ADA) has made quite the comeback, leaping back into the CoinMarketCap top 10 and tossing both Hyperliquid (HYPE) and Bitcoin Cash (BCH) out on their ears after a brief tussle.
TL;DR
Crypto Market Review: Shiba Inu‘s (SHIB) 1,000,000,000,000 Bull Market Trigger, Bitcoin (BTC) Crash Might Stop Here, Is Dogecoin (DOGE) in Mini-Bull Market?
- Elon Musk stirs up Dogecoin’s 4.44% breakout vs. BTC after reclaiming that hefty $850 billion.
- ETH struts into February with a historical 24.5% average return, despite a rough start.
- ADA reclaims its throne in the top 10, kicking out both Hyperliquid and Bitcoin Cash-oh, what a scene!
Dogecoin (DOGE) spikes vs. Bitcoin on Musk’s $850 billion net worth record
Ah, Dogecoin! That little coin that could, riding high on what I like to call the Elon Musk Effect. After SpaceX joined forces with the AI startup xAI, Musk’s fortune soared above $850 billion, making prediction markets buzz with excitement-there’s a 72% chance he’ll be the first trillionaire by 2026. Naturally, Dogecoin hopped on this gravy train like a hound on a scent, adding 4.44% against Bitcoin on Binance’s weekly candle, according to TradingView.
Musk’s lively chatter only added kindling to the Dogecoin bonfire. He even mentioned plans for a DOGE mission to the moon next year, stirring memories of the coin’s meme-crazed peak back in 2021.
As it stands, the DOGE/BTC pair is trying to bounce off the support level of 0.00000133 after taking a tumble since its glory days above 0.000005. Resistance levels, meanwhile, lurk at 0.00000171 and 0.00000183-both still a hop, skip and a jump away from where we are now. Should the meme sentiment come back to life, mark those resistance levels as your battlefield!
But hold your horses! DOGE is down 15.14% against the dollar over the past week, reminding us that any potential gains are about as solid as a house of cards on a windy day.
Ethereum (ETH) flashes 24% February buy signal
Now, Ethereum isn’t quite as bubbly as one might hope, having lost value-but don’t count it out just yet! So far in February 2026, ETH is down 7.68%-it had a rough January, too, crashing by 17.7%. However, history tells us that February can be a different story. According to CryptoRank data, Ethereum has a knack for pulling a rabbit out of the hat with an average gain of +24.5% in February over the past nine years.
When you stack that up against Bitcoin’s (-14.76% over the past seven days) and XRP‘s (-16.98%), Ethereum looks like the star pupil who somehow manages to sneak a passing grade. Since 2018, it has posted positive returns in February five out of eight times, with a jaw-dropping +271.7% surge back in 2020.
At present, ETH is selling at $2,254-well below last month’s peaks-which might just be a sign that it’s ready for a mean reversion. But let’s not get ahead of ourselves; confirmation will require a leap above the $2,400 resistance zone and a recovery of the 20-week moving average. As they say, patience is a virtue, particularly in the wilds of crypto!
Cardano (ADA) dethrones Bitcoin Cash and Hyperliquid from top 10
And now, we turn our attention to Cardano, which has strutted back into the crypto elite. For those who weren’t paying attention, there’s been quite the shuffle in the ranks over the last 24 hours. ADA briefly slipped from CoinMarketCap’s top 10, only to make a roaring comeback and kick both Hyperliquid (HYPE) and Bitcoin Cash (BCH) right out the door.
As of this morning, Cardano is trading at $0.2998, a modest increase of 1.23% in the last 24 hours, leaving BCH ($527.19, down 0.25%) and HYPE ($33.15, down 10.56%) in the dust. Its market cap is now a tidy $10.81 billion, surpassing HYPE’s $10.01 billion. While this doesn’t exactly spell a fundamental change in Cardano’s plans or network activity, it does show how wobbly mid-cap token rankings can be in today’s turbulent liquidity waters. Even with a seven-day drop of 16.81%, Cardano’s resilience keeps it relevant amidst the storm.
Traders should keep a watchful eye on whether ADA can maintain $0.29 as base support-if it slips below that, it might just find itself sliding toward the murky depths of $0.26.
Crypto market outlook: BTC, ETH, ADA, DOGE price update
The entire crypto market is still feeling the pinch. Bitcoin is floating around $76,000, marking a 15% drop in just a week. Ethereum and Solana are seeing even bigger weekly losses, suggesting that investors are still a tad hesitant to dive back into the fray.
As we look toward the horizon, here are some levels to keep an eye on during the next few sessions:
- Bitcoin (BTC): Support at $74,500, resistance at $79,000.
- Dogecoin (DOGE): Support hovering near $0.105, and BTC support at 0.0000013.
- Ethereum (ETH): Critical base at $2,100, upside trigger waiting above $2,450.
- Cardano (ADA): Support range $0.28 to $0.30, ranking pressure lurking below $0.27.
Until Bitcoin gives us a clear sign of a higher base, altcoin rallies will likely remain selective and driven by the latest gossip and trends. The midweek positioning suggests caution-not quite the stuff of legends yet!
As we saunter into the second half of the week, here’s what we’re chewing on:
- Will ETH make a grand return to $2,400 and stick to its February tradition?
- Can DOGE maintain its momentum after all that excitement from Musk?
- Will ADA stay nestled in the top 10, or will it find itself tossed out again by the new kids on the block?
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2026-02-04 16:21