Bitcoin extends gains as BlackRock looks into blockchain

Bitcoin headed for its largest increase in two weeks, as BlackRock became the latest big name to signal an interest in the technology underpinning digital currencies. The biggest crypto-coin advanced 5.5% to $6,525 on Monday, according to composite prices on Bloomberg. Rival coins Ripple, Ethereum and Litecoin all climbed at least 5%. Bitcoin hasn’t notched a one-day gain of more than 2% since July 2. London’s Financial News reported that BlackRock has formed a team to look into how the world’s largest asset manager can take advantage of the cryptocurrency market and blockchain

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