ECB Rate Hike Looms Amid Geopolitical Tensions and Crypto Volatility

The European Central Bank (ECB) has signaled that it is poised to raise interest rates in September, citing ongoing geopolitical tensions that continue to drive up inflation.

This move could strengthen the euro and weigh on risk assets, including cryptocurrencies, as higher yields make alternative stores of value less attractive, according to analysts.

BTC briefly touched $80,000 but failed to revive treasury premiums for major corporate holders, despite this significant milestone.