Bitcoin surges due to BlackRock looking to get into crypto and blockchain

Bitcoin prices jumped more than 4% today on news that BlackRock has set up a working group to take a look at crypocurrencies and blockchain, the underlying technology of it.  Other virtual currencies also got a boost on this news, Ethereum is up more than 5% and Ripple is up 4.5%.

Black CEO Larry Fink has confirmed this news stating, “We are a big student of blockchain.”