Bitcoin price gains despite a pullback in global markets as ECB holds rates steady

Bitcoin's price gained on Thursday after the European Central Bank voted to keep interest rates on hold for the fifth consecutive meeting.

Although bitcoin typically closely tracks risk-on assets like major equity indices, the cryptocurrency's upward trajectory came as global markets inched down. The Dow Jones Industrial Average fell for a fourth day in a row, the S&P 500 declined 1% and the Nasdaq Composite dropped 0.1%. In Europe, the regional Stoxx 600 index fell 0.7%, and London's FTSE fell 0.67%.

Today's decision means that interest rates across the eurozone will stay at their highest level in over two decades.

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin & Bitcoin Cash Among Top Crypto Gainers as Crypto Prices Pump: What About Green Bitcoin?Crypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Bitcoin Cash & Bitcoin SV Pumping as Bitcoin Minetrix Nears Exchange ListingCrypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Bitcoin (BTC) Price Driven by "Bigger Forces" Than ETFs: Top AnalystBitcoin ETFs might not be the main driving force behind the Bitcoin price action
Source: Utoday_en - 🏆 295. / 63 Read more »

Once unprofitable BTC miners are turning their machines back on — AnalystPreviously unprofitable Bitcoin miners may now be coming back online amid Bitcoin’s recent price rise.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Bitcoin Price Breaches $71K As Bitcoin Minetrix ICO Nears $13M MilestoneCrypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »