Bitcoin rallies alongside equities as markets anticipate an ECB rate cut this week | Headlines | News | CoinMarketCap

06/03/2024 19:01
Bitcoin rallies alongside equities as markets anticipate an ECB rate cut this week | Headlines | News | CoinMarketCap

Bitcoin has correlated with buoyant equity markets in early trading on Monday — with the world's largest digital asset rising over …

Bitcoin has correlated with buoyant equity markets in early trading on Monday — with the world's largest digital asset rising over 2% in the past 24 hours. The bitcoin price increased over 2.25% in the past day and was changing hands for $69,035 at 7:15 a.m. ET., according to The Block's Price Pages

Major European and UK equity indices were green on Monday. In London, the FTSE 100 posted a 13.48-point increase to 8,288.86 in early-day trading. The regional Stoxx 600 index traded up in Europe, gaining 0.44% in the day to 520.44. Meanwhile, S&P 500 futures in New York were up 0.15%, while the NYSE Composite increased by 1.3% in pre-market trading.

The uptick comes as borrowers in the eurozone are expected to receive relief from high interest …

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