European Central Bank cuts interest rates for the first time in 2019 BitMEX Founder Deploying Shitcoins Bull Market to Reawaken

Following the Bank of Canada (BoC) lowering its interest rate from 5% to 4.75% on Wednesday, the European Central Bank (ECB) also announced a rate cut on Thursday as expected by the market, bringing the rate down from the historical high of 4% since September 2023 to 3.75%. This marks the first rate cut by the ECB since 2019, with Canada being the first G7 country to ease monetary policy within the current market cycle, followed closely by the ECB. The ECB Governing Council stated in a release:
After the rate decision was announced, global stock market indices and Bitcoin both saw an increase.
With the consecutive rate cuts by the Bank of Canada and the ECB, BitMEX founder Arthur Hayes, who has been eagerly awaiting this moment, seems to have reached his limit. In his latest
article,
he mentioned that he will withdraw the US dollars stored in the Ethrna protocol and redeploy them into “junk coins (altcoins)”, patiently awaiting the resurgence of the cryptocurrency bull market.