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 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:) 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