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Bitcoin Stabilises At $41,600, As European Stocks Show Improvement

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Bitcoin Stabilises At $41,600 As European Stocks Show Improvement

Photo used to illustrate the story: A woman walks past a screen showing information and the index of the Taipei Stock Exchange on July 24, 2020. PHOTO: Sam Yeh / AFPEuropean stock markets recovered a bit Thursday from slumps the previous day, with investors comforted by brighter economic outlooks and easing coronavirus concerns, analysts said.

“The more upbeat tone in Europe comes as authorities across the region are easing pandemic restrictions due to a falling number of Covid cases and rising vaccine rates,” said OANDA analyst Sophie Griffiths. Europe’s bourses had tanked Wednesday on fears that central banks will wind down easy money policies to tame high inflation.

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