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ECB Rate Cuts Reflect Europe’s Fading Influence on Crypto Market
ECB Rate Cuts Reflect Europe’s Fading Influence on Crypto Market
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The European Central Bank (ECB) cut interest rates by 25 basis points, but the crypto market barely noticed, highlighting Europe’s declining influence over the crypto sector compared to the US. Global recession fears are circulating, and US investors have been desperate for a rate cut. However, the ECB cut interest rates for the sixth consecutive time with minimal impact on the crypto market.
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