This week’s top news
1) Mastercard Will Let Merchants Accept Payments in Crypto This Year – CoinDesk
2) $150 billion Morgan Stanley Unit Considers Bitcoin Investment – Coindesk
3) Why BNY Mellon’s Bitcoin Blessing Could Draw in Larger Asset Managers – Blockworks
|TradeBlock Index||Asset1||Price ($)||7d∆2|
|1. Underlying asset sorted in descending order by 7 day price movers.|
|2. 7 day price movers monitored from 02/08/2021 06:00 ET thru 02/16/2021 06:00 ET.|
Digital currencies saw broad gains on the week with various large caps trading near or at new all-time highs. A flurry of positive announcements around digital currencies from major institutions this week helped push assets higher. Tesla, BNY Mellon, Mastercard, Morgan Stanley and others piled on to the recent excitement by offering digital currency products, payment channels, and/or adding bitcoin to their balance sheets. Among our indexed currencies, the large caps outside of bitcoin and ethereum rallied the most. Ethereum classic traded gained 78.77% on the week. Conversely, ethereum traded up the least among our indexed assets, gaining a more modest 5.15%.
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