Odaily Planet Daily News CoinDesk senior analyst James Van Straten said: The market expects the European Central Bank (ECB) to announce a rate cut to 2.65% on Thursday, continuing to ease adjustments from the peak of 4.5%. This move may further promote global liquidity easing and provide a positive signal for risky assets such as cryptocurrencies.
Changes in market environment:
The Federal Reserve (Fed) is expected to cut interest rates at least three times in 2025, and Germany and China have also adopted fiscal easing policies to boost the economy.
As Germany's fiscal stimulus policy pushed Germany's 10-year government bond yield to 2.8% (the highest since 2011), European bond markets fluctuated violently and the US dollar index (DXY) fell.
Bonk and Japanese bond yields rose sharply, with Japan's 10-year government bond yield breaking through 1.5%, a 17-year high.
Impact analysis:
Despite uncertainty in economic growth, global liquidity conditions as a whole tend to be loose. Market observers believe that this may continue to support risky assets and crypto markets, although bond market volatility may bring short-term financial tightening pressure.