European interest rate cut puts Bitcoin price on the brink of a new record Bitcoin hit around $71,000 at the June 6 open on Wall Street in response to the European Central Bank's interest rate cut after four years, as traders await a possible boost in liquidity. Data from Cointelegraph Markets Pro and TradingView show that Bitcoin price is moving below the critical resistance of $72,000. This is the last hurdle before attacking the historical price records that are still visible for market participants. Because macroeconomic events have strengthened the bullish outlook in the digital currency market.
