Bitcoin Stalls at $61K: While European Equities Rally, BoE Hints at Summer Rate Cut
The post Bitcoin Stalls at $61K: While European Equities Rally, BoE Hints at Summer Rate Cut appeared first on Coinpedia Fintech News
Despite a rally in European equity indices, Bitcoin is struggling to maintain its position above the $61,000 mark. This challenge coincides with the Bank of England’s decision to keep interest rates steady while hinting at a potential rate cut during the summer. According to the report, the European markets, both the FTSE 100 and the Stoxx 600 index saw gains, with the FTSE 100 hitting a new all-time high.
Rate Cut Looming on the Horizon?On Thursday, the BoE expressed confidence that the UK economy had recovered in the first quarter, ending a brief recession.
