ECB Hikes Interest Rate 75 Basis Points as Inflation Hits

As such, the ECB’s latest move demonstrates that global liquidity tightening is in full swing, which weakens the case for bullish revival in risk assets, including cryptocurrencies. Later this month, the Fed is expected to deliver its third 75 basis point hike – with the U.S. agency’s previous hikes contributing to a slide across the crypto market this year.

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