Bitcoin (BTC) is approaching the $90,000 resistance level at the time of writing on Monday, raising hopes of a short-term recovery. However, the bullish recovery is being challenged by weakening institutional demand, as evidenced by outflows from Spot Exchange-Traded Funds (ETFs).
The People’s Bank of China (PBOC), China's central bank, announced to leave its Loan Prime Rates (LPRs) unchanged on Monday. The one-year and five-year LPRs were at 3.00% and 3.50%, respectively.
The Euro (EUR) rebounds against the British Pound (GBP) on Friday, as investors reassess the monetary policy outlooks of both the Bank of England (BoE) and the European Central Bank (ECB) following their interest rate decisions on Thursday.