Google has adds cryptocurrencies and digital assets to it ‘s Finance platform Compare Markets” category alongside conventional stock and currency markets.
The search engine giant add tab section that provides key pricing information for various cryptocurrencies, which include Bitcoin, Ether , Litecoin and Bitcoin Cash . The flagship crypto has gotten more credibility in recent days from blue-chip companies like Mastercard and America’s oldest bank, BNY Mellon showing support for Bitcoin.
Recently online payment platform PayPal and the world’s largest asset fund manager BlackRock have also made big moves to support crypto along with Mastercard who had earlier disclosed it would open up its network to some cryptocurrencies including Bitcoin.
Institutional investors and corporations have started to invest in the asset class. Their involvement helped launch the cryptocurrency market cap past $1 trillion in January
And with major firms like Tesla and Mastercard actively embracing cryptocurrencies, the need for clearer regulation is growing, according to United States Securities and Exchange Commissioner Hester Peirce.
It would be recalled that in 2013, Bitcoin was trading barely at a price of about a thousand dollars. It corrected about 80% and consolidated in 2017, after initially reaching $1,000, it added a zero.