Crypto news: BlackRock to offer clients crypto trading
Updated
BlackRock (BLK) – the world’s biggest asset manager, with assets under management (AUM) of up to $10trn (€8.7trn, £7.37trn) as of January 2022 and clients in 100 countries – is reportedly considering offering cryptocurrency trading to its clients, acording to sources quoted by Coindesk.
This would enable several of BlackRock’s clients – especially pension schemes or endowment funds – to trade cryptocurrency via the asset manager’s platform, Aladdin.
Market overview
As of 08:00 GMT this morning, the cryptocurrency market was virtually unchanged in day-to-day trading in London. The total crypto market volume over the past 24 hours was $85.02bn, representing a 10.28% decrease from the day before.
The volume of all stablecoins was $68.83bn at 08:00 GMT, making up 80.96% of the total crypto market 24-hour volume.
The global crypto market cap is currently worth $2.02trn (£1.49trn, €1.76trn) – representing a 1.99% increase over the last day, according to CoinMarketCap.com. Meanwhile, bitcoin’s (BTC’s) dominance was 41.48%, a decrease of 0.22% over the past 24 hours.
However, inflation data from the US, which will be published later today, may spark reaction in the cryptocurrency market. Last November, the 31-year-high inflation figures led to BTC hitting its all-time high, sparking a record-setting rally in the markets.
What is your sentiment on BCH/USD?
Chart of the day
- The year 2021 has brought new trends to the cryptocurrency market, including the current craze for non-fungible tokens (NFTs). NFTs have gathered increasing interest around the world, with Google searches for NFTs now catching up to – and in some cases, surpassing – searches for cryptocurrencies.
Capital.com has explored Google Trends to examine global search interest for NFTs versus cryptocurrency around the world; the results can be found here.
Google searches for NFTs are now catching up with or overtaking cryptocurrencies – Credit: Capital.comQuote of the day
Michael Saylor, co-founder, chairman and CEO of Nasdaq-listed analytics and business intelligence company MicroStrategy – the biggest corporate owner of BTC, with BTC125,051 – made the following prediction on Fox News about what the future may hold for bitcoin:
#Bitcoin is not a safe haven for criminals. pic.twitter.com/NHJYMqfOWa
— Michael Saylor⚡️ (@saylor) February 9, 2022
Top coins by market capitalisation
As of 08:00 GMT:
- Bitcoin (BTC) added 0.78% to reach $44,077.97.
- Ether (ETH) grew by 2.85% to $3,191.34.
- Binance coin (BNB) was up by 1.38% and trading at $421.28.
Winners and losers
- Altcoin flow (FLOW) entered the top 50 cryptocurrencies by market capitalisation after jumping 14.98% in a day to trade at $8.25.
- There were no losers listed in this morning’s Winners & Losers results.
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