Bitcoin Stays Above $38K While Nickel Surges to $101K in Surprise Run

Bitcoin Stays Above $38K While Nickel Surges to $101K in Surprise Run

Bitcoin (BTC) and other major cryptocurrencies showed muted gains on Tuesday as the European Union (EU) said it will issue bonds due to the ill effects of the war in Ukraine and sanctions imposed on Russia.

The proposal could be ready next week to finance EU members, with the proceeds said to be earmarked to finance spending on energy and defense.

Reports of the proposal pushed European equities higher. Germany’s DAX index rose 0.7% and the Stoxx Europe 600 index added 0.5%. S&P 500 futures opened 0.38% higher, while futures on silver continued Monday’s run to add 2.68%.