Bitcoin Rises After Europe's Central Bank Suggests Rate Hikes Over
Bitcoin experienced a modest 2% increase after the European Central Bank (ECB) hinted that its recent interest rate hike may be the last. The ECB raised three key interest rates by 0.25%, with the main deposit facility rate now at 4%. Despite the rate hike, inflation is still expected to surpass the current rate, leading to negative real yields on bonds.
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Bitcoin Rises After Europe's Central Bank Suggests Rate Hikes Over
Bitcoin experienced a modest 2% increase after the European Central Bank (ECB) hinted that its recent interest rate hike may be the last. The ECB raised three key interest rates by 0.25%, with the main deposit facility rate now at 4%. Despite the rate hike, inflation is still expected to surpass the current rate, leading to negative real yields on bonds.