Insights

ECB Rate hike verdict is 50bps, Bitcoin stands firm just below $25k

exchange68September 13, 2024

0 0 1 minute read

Quick Take

The ECB raised the deposit facility rate by 50 bps to 3%.
Before the collapse of SVB and the fallout of Credit Suisse, markets were expecting a 50bps rate hike from the ECB; however, moments before the decision, markets saw a 35% probability of a 50bps hike.

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

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