Last minute! ECB Announces Its Interest Rate Decision, What Was The First Reaction Of Bitcoin And Dollar?

bitcoin and global markets continue to be shaped according to monetary policy moves from countries.

This week, the markets, which priced the European Central Bank’s interest rate decision in advance, experienced a short-term rally.

The loosening in the dollar index during this rally bitcoin, Ethereum and other altcoinIt allowed us to see increases of up to 20% in sales.

Interest Decision Announced!

The European Central Bank announced its new interest rate decision today.

According to this The ECB decided to raise interest rates by 75 basis points in October. Expected 75 basis points. Accordingly, interest rates in Europe rose to the level of 2%.

How Did The Markets React?

Bitcoin, which was traded at $ 20600 before the decision, continues its horizontal course for now.

The dollar index, which was traded at 110 before the black, rose to 110.3.

It was considered that the dollar index, which fell before the ECB’s interest rate decision, could recover somewhat after the news was sold and the FED came to the fore again.

Although the latest inflation data in October is above expectations, the expectation that the FED will increase interest rates by 75 basis points is still maintained.

After the ECB’s interest rate decision, the verbal guidance of President Christine Lagarde will be followed at 15:45 CEST.