7/16/2018, 2:22 PM (Source: TeleTrader)
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Bitcoin surges over 5% as BlackRock eyes blockchain

Major cryptocurrencies rallied on Monday in a buying spree which followed a sources story in the media that BlackRock Inc. was looking at opportunities in the market, including Bitcoin futures, and the blockchain technology. The asset manager only acknowledged it has been analyzing the blockchain's potential for several years. Of note, billionaire hedge fund investor Steve Cohen reportedly backed Arianna Simpson's Autonomous Partners, which invests in cryptocurrencies and blockchain-related assets.

Bitcoin jumped 4.15% at 2:19 pm CET to $6,610.3, after reaching $6,671.6, the highest level in six days. The exchange rate against the euro surged 3.63% to 5,638.44. Futures for settlement this month soared 6.63% to $6,590. Spinoff cryptocurrency Bitcoin Cash was up 6.29% at $769.44.

Breaking the News / IT