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Price Analysis Feb 3: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, ADA, XTZ

Published 02/03/2020, 12:30 PM
Updated 02/03/2020, 02:02 PM
Price Analysis Feb 3: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, ADA, XTZ

The recovery in cryptocurrency prices has ignited interest among institutional investors. In 2019, dedicated crypto funds returned more than 16% according to Eurekahedge while traditional hedge fund strategies returned 10.4% according to Hedge Fund Research, Inc. Several hedge funds and large trading firms use speed to their advantage by benefitting from pricing inefficiencies.

Others profit from the spreads between bids and offers. While such entrants will improve the liquidity and provide depth to the markets, the crypto space will benefit more from investors who are in it for the long-term.

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