Major coins rose Wednesday night, with Ethereum gains exceeding those of Bitcoin at press time. The global cryptocurrency market cap increased 1.5% to $2 trillion.
| Coin | 24-hour | 7-day | Price |
|---|---|---|---|
| Bitcoin (CRYPTO: BTC) | 0.25% | 19.3% | $44,153.97 |
| Ethereum (CRYPTO: ETH) | 3.6% | 19% | $3,225.59 |
| Dogecoin (CRYPTO: DOGE) | 0.45% | 15.7% | $0.16 |
| Cryptocurrency | 24-Hour % Change (+/-) | Price |
|---|---|---|
| UNUS SED LEO (LEO) | +54.9% | $7.49 |
| IoTeX (IOTX) | +22.1% | $0.11 |
| Kadena (KDA) | +16.8% | $9 |
Why It Matters: The world’s largest asset manager, BlackRock, is planning to offer cryptocurrency trading to its client base, CoinDesk reported, citing people familiar with the matter.
Cryptocurrency trading will reportedly be offered through the firm’s Aladdin platform, while the rollout timetable is still unclear.
Amsterdam-based cryptocurrency analyst Michaël van de Poppe tweeted on the development and said the coming of institutions and countries regulating the cryptocurrency space is a “sign of strength” for the future of blockchain, cryptocurrencies, and Bitcoin.
BREAKING:
Wall Street is coming towards the markets, as BlackRock is planning to offer #crypto trading to clients.
Institutions are coming.
Countries are regulating.That’s a sign of strength for the future of #blockchain & #crypto & #bitcoin.
— Michaël van de Poppe (@CryptoMichNL) February 9, 2022
On the regulatory front, Russia is likely to recognize Bitcoin and other cryptocurrencies as a form of currency as that nation’s government and central bank arrived at a deal.
“Russia could be using Bitcoin to hedge against aggressive U.S. foreign policy. I think this will send a message to the United States, and many other nations, that they are falling behind in the crypto revolution, with their ambiguous approach towards regulation,” wrote Marcus Sotiriou, an analyst with the United Kingdom-based digital asset broker…
![Anticipation for Ethereum [ETH] 2.0 rises as metric reaches all-time high](https://crypto.newswireservice.net/wp-content/uploads/2023/01/ethereum-wale-1000x600-350x250.jpg)
