Bitcoin reversed course while the euro's two-day bounce stalled, with observers eyeing the European Central Bank's (ECB) reaction to the impending storm of high inflation and low growth. godbole17 reports.
Bitcoin reversed course while the euro's two-day bounce stalled, with observers eyeing the European Central Bank's reaction to the impending storm of high inflation and low growth.
The euro-dollar exchange rate was flatlined around 1.1065, having bounced nearly 200 pips in the preceding two days, according to TradingView. Markets have recently scaled back expectations for the ECB tightening as the ongoing Russia-Ukraine war is expected to push the European economy into recession characterized by high inflation.
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