ECB Rate Cut Sparks Hope in Crypto Markets: What It Means for Your Portfolio

The European Central Bank (ECB) announced a 25 basis point cut to its deposit facility rate, dropping it to 2.25%. This move has sent ripples throughout financial markets and also impacted the volatile world of cryptocurrencies. While seemingly distant, central bank decisions have a cascading effect that reaches into the digital asset space. Let’s explore what this decision means for your cryptocurrency portfolio.