ECB hikes interest rates to 2.5% amid infaltion

Crypto Insight Summary: The European Central Bank (ECB) pushed its main interest rate to 2.5% on Thursday and told markets that price pressures across the eurozone are likely to continue for longer. The bank blamed renewed fighting between the US and Iran for a jump in energy costs that is now feeding into the wider economy. 25 basis... Crypto Insight Analysis: Direction: Bearish BTC / Bearish ETH Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: ECB rate hike and inflation concerns may trigger risk-off sentiment in crypto markets.