The European Central Bank (ECB) has officially lowered interest rates, citing ongoing economic challenges in the Eurozone. ECB President Christine Lagarde highlighted the impact of global trade tensions and the potential for exports to stabilize the economy. The ECB's rate cuts have increased Bitcoin's appeal as a hedge against monetary easing. The crypto market is already responding to the news, with Bitcoin rallying to its highest price this week and other assets like Ethereum and XRP also seeing gains.



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