Price analysis 2/3: BTC, ETH, XRP, DOT, ADA, LINK, LTC, BCH, BNB, XLM

Bitcoin’s (BTC) stellar run in the latter half of 2020 and MicroStrategy’s purchase of the digital asset appears to have attracted attention from several publicly listed companies in the United States. However, the lack of regulatory clarity could have deterred them from buying Bitcoin at lower levels.

To address this issue, business intelligence firm MicroStrategy is hosting an online seminar on Feb. 3 and 4, where “the legal considerations firms face while integrating Bitcoin into their corporate strategy” will be discussed. Several major crypto firms will also make presentations to the audience.

About 1,400 firms have signed up for the webinar, which shows companies are deeply interested in Bitcoin. Even if a handful of these firms end up buying Bitcoin, it could start the next leg of the rally to a new all-time high.

Daily cryptocurrency market performance. Source: Coin360

U.S.-based institutional investors have shown increasing interest in Bitcoin in 2020, which has propelled Coinbase to the top 1,000 websites in the world and one of the top 400 in the U.S.

The popularity seems to have increased further in January of this year. Morgan Creek Digital co-founder Anthony Pompliano recently highlighted that the Coinbase app was downloaded 1.3 million times in January, which is greater than “E-trade, TD Ameritrade, Charles Schwab, Fidelity, and Sofi” combined.

With these positive fundamental tailwinds, let’s analyze the charts of the top-10 cryptocurrencies and determine what the technicals project.