Economic concerns are also driving ECB’s decision, with the eurozone experiencing sluggish growth, and tight monetary policy and structural issues contributing to the slowdown.
Lower interest rates are expected to stimulate economic growth and positively impact traditional equity markets, which could boost investor appetite for riskier assets like Bitcoin.
Euro Central Bank (ECB) has decided to cut interest rates by 25 basis points to 3.25%, which is its third reduction this year. The decision was made in light of September’s inflation rate, which dropped to a three-year low of 1.7%.
