1: On July 18, the ECB's interest rate decision maintained the three major interest rates at 4.25%, 3.75% and 4.5% respectively. Among them, the main refinancing rate is 4.25%, the expected rate is 4.25%, and the previous value is 4.25%.

2: ECB President Lagarde said: There will be more information in the coming weeks and months. It will be a busy summer. What to do in September is completely open. There is no preset interest rate path. The door to (rate cuts) in September is open.

3: UBS, HSBC, Deutsche Bank, Bank of America, etc. believe that the ECB will cut interest rates in September. Economist Stefan Gerlach said that since the Federal Reserve may cut interest rates in September, the ECB will do the same, and the ECB is expected to cut interest rates again in December or January next year. Bank of America said: It is expected that the ECB will cut interest rates by 75 basis points in 2024, once in September and once in December, and a total of 5 interest rate cuts in 2025. Investors are betting that both central banks may cut interest rates by 25 basis points in September, and there may be another rate cut before the end of the year.

4: Currently, it is still facing the headwind of MtGox compensation, which is expected to be paid at the end of July and early August. After the negative news landed, the US and European central banks began to prepare for monetary easing/rate cuts. The continuous inflow of Bitcoin spot ETFs from the traditional market is a good boost to Bitcoin!