Crypto Price Check: Bank of England Action Could Affect Bitcoin: Analyst

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By Rob Lenihan Bank of England’s move to carry out emergency purchases of U.K. government bonds ‘could have interesting outcomes for bitcoin,’ an analyst says. The Bank of England’s surprise move could have implications for the world’s largest cryptocurrency, a crypto analyst said. The stock market rallied in the previous session after the U.K.’s central bank said it would carry out emergency purchases of U.K. government bonds in an effort to restore “orderly market conditions” amid a historic slide for the pound. James Edwards, crypto specialist with Finder, said the bank’s decision “could ha…