Central Bank Preview: ECB, BOE Have Scant Leeway to Influence Bitcoin

Posted on by American Coins & Gold

Central Bank Preview: ECB, BOE Have Scant Leeway to Influence Bitcoin
The U.S. Federal Reserve has emerged as one of the most influential entities in the bitcoin market in the wake of the coronavirus pandemic. What’s not clear are the roles of other major central banks, including the European Central Bank (ECB) and Bank of England (BOE), which report their rate decisions later Thursday.According to Noelle Acheson, head of market insights at CoinDesk’s sister company Genesis Global Trading, those banks’ actions matter to traders holding cryptocurrencies in euros, the official currency of 19 of the 27 member states of the European Union (EU), and the British pound.”We’re so used to watching…