Published on July 17th, 2018 | by bitcoin0
Bitcoin soars as BlackRock seeks crypto and blockchain
Bitcoin continued to edge higher on Tuesday, extending gains made on the previous day on news that asset-management giant BlackRock has set up a working group to look into cryptocurrencies and blockchain, the technology that underpins them.
The prices of ethereum and ripple, the second- and third-largest digital assets by market capitalization respectively, also tracked slightly higher.
BlackRock CEO Larry Fink later confirmed the report in an interview with Reuters.
In an earlier interview with Bloomberg, Fink said: “I don’t believe any client has sought out crypto exposure.”
Bitcoin soared close to $20,000 late last year but has declined since, with transaction volumes falling significantly.