Bitcoin Soars as European Central Bank Hints at Last Interest Rate Hike

Bitcoin saw a 2% increase after the European Central Bank hinted that its recent interest rate hike may be the last. The ECB raised rates by 0.25% but analysts were unsure if rates would tighten further. The current interest rate does not match inflation, leading to tightening financing conditions and dampened demand. The recent rise in interest rates has caused a decline in investments in risky assets.