Bitcoin Price Struggles to Stay Above N88m despite Positive European Equity Rally. This ongoing Bitcoin volatility has forced Bitwise, an asset management firm, to advise caution, suggesting the halving event might have been a “sell the news” scenario.
The cryptocurrency market continues to defy expectations. While European stocks surge to record highs, Bitcoin remains stubbornly stuck below the $62,000 mark. This comes despite the Bank of England (BoE) hinting at a potential summer rate cut, a move traditionally seen as positive for riskier assets like Bitcoin.