Bitcoin Reclaims $6,600, Altcoins Gain up to 9% Today as ETF Giant BlackRock Eyes Crypto
By Marie Huillet Crypto markets are on an upswing today, July 16, as data from Coin360 shows, with Bitcoin (BTC) reclaiming the $6,600 price point. Today’s notable market growth is likely bolstered by news that the $6.3 trillion asset management heavyweight BlackRock –– the world’s largest provider of exchange traded-funds ( ETF ) –– is beginning to assess potential involvement in Bitcoin, according to reports from Financial News. Market visualization from Coin360 Today’s solid market gains are poised to turn around negative momentum that has thwarted price performance since market descent that began July 10. Yesterday saw the first signs of a budding positive trend, and as of today, virtually all of the top 100 coins by market cap are seeing significant growth on the day to press time. Bitcoin is trading around $6,607 , up a little over 4 percent over the 24-hour period to press time. Th...