In the financial world, Bitcoin struggles to stay above $61,000 as European stock markets rise. The Bank of England (BoE) hints at a possible interest rate cut during the summer, while the European markets, including the FTSE 100 and the Stoxx 600 index, experience gains. The FTSE 100 even hits a record high.

The BoE, noting the UK economy's rebound in the first quarter, talks about potentially lowering interest rates for the sixth time in a row. This move comes at a politically sensitive time ahead of the general election, with Prime Minister Rishi Sunak aiming to reassure voters amidst economic challenges.

European central banks also contemplate reducing interest rates due to lower inflation expectations compared to the US. The BoE Governor stresses that their decisions won't mirror the Fed's actions directly. However, they're careful not to rush, considering their success in reducing inflation from double digits to 3.2%.

While some experts predict a rate cut, they caution that prevailing economic trends, influenced by the aftermath of the 2008 financial crisis, may lead to sustained higher interest rates for years. Despite these factors, Bitcoin sees a slight dip of over 1% in the past day, trading at $61,411.

The pound weakens against major currencies following the BoE's announcement, benefiting exporters and international companies listed on the FTSE 100, which hits a new peak. Frankfurt's market also rises on hopes of rate cuts from the ECB and the Fed. However, a prominent international group forecasts a modest 0.4% growth for the UK this year due to high interest rates and persistent inflation.

In conclusion, while Bitcoin faces challenges, European stocks surge, and the BoE hints at potential rate adjustments, reflecting a complex financial landscape influenced by various economic factors.