Although crypto prices are dropping, mainstream interest is undoubtedly increasing as tech giant Google introduces a dedicated “Crypto” tab to analyze Bitcoin, Ether, Litecoin, and Bitcoin Cash on Google Finance. Google Finance has combined crypto prices to its finance.google.com domain with a significantly highlighted tab entitled “Crypto”, enabling mainstream investors to observe the market with ease. The tab is featured beside conventional currency and stock markets and is a bullish sign for the nascent digital asset category’s health.
The tab occurs in the “Compare Markets” section and offers essential pricing information for significant cryptos such as Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH). Google’s parent, Alphabet, also holds video platform YouTube, which has consistently bothered crypto users by preventing educational and news content, usually at random. The move should provide the cryptocurrency market users faith in the nascent digital asset space’s staying power.
Crypto Retail and Institutional Adoption Increases Significantly
Google Finance’s extension of the “Crypto” tabs follows a current slight downturn in the cryptocurrency market. However, overall, space has drawn mainstream attention over the past year. Institutional investors and corporations have commenced investing in the asset class, allowed the overall market cap to surpass $1.7 trillion in February before the pullback. Recently, the global crypto market cap is sitting around $1.4 trillion.
Furthermore, both retail and institutional interest has been rising prominently over the last three months. With prominent firms such as Tesla and Mastercard actively welcoming cryptos, the requirement for more precise regulation is growing, as per the U.S. Securities and Exchange Commissioner Hester Peirce. Moreover, demands for clearer digital assets guidelines will possibly raise higher as the bull market heats up. In the meantime, Peirce asserts, the new Biden administration can render a fresh look at the regulatory aspect. Moreover, the Google update also appears as the leading cryptocurrency exchange Coinbase in the U.S. gets closer to being listed on the NASDAQ as a publicly-traded company.