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Price analysis 2/5: BTC, ETH, XRP, DOT, ADA, LINK, LTC, BNB, BCH, XLM

Published 02/05/2021, 03:11 PM
Updated 02/06/2021, 05:20 PM
Price analysis 2/5: BTC, ETH, XRP, DOT, ADA, LINK, LTC, BNB, BCH, XLM

Bitcoin’s (BTC) correction from its January high has not shaken the confidence of institutional investors. According to Glassnode analysts, the number of whales holding more than 1,000 Bitcoin has increased by 200 this year.

Along with the institutions, several high profile investors have also committed money to the crypto sector. Hedge fund manager Paul Tudor Jones, former PepsiCo (NASDAQ:PEP) CEO Indra Nooyi, and American rapper LL Cool J have invested in a new venture capital crypto fund launched by Silver Lake Partners co-founder Glenn Hutchins and his associates.

Daily cryptocurrency market performance. Source: Coin360
BTC/USDT daily chart. Source: TradingView
ETH/USDT daily chart. Source: TradingView
XRP/USDT daily chart. Source: TradingView
DOT/USDT daily chart. Source: TradingView
ADA/USDT daily chart. Source: TradingView
LINK/USDT daily chart. Source: TradingView
LTC/USDT daily chart. Source: TradingView
BNB/USDT daily chart. Source: TradingView
BCH/USD daily chart. Source: TradingView
XLM/USDT daily chart. Source: TradingView

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