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ECB Rate hike verdict is 50bps, Bitcoin stands firm just below $25k

ECB raised the deposit facility rate from 2.5% to 3%

James Van Straten
Mar. 16, 2023 at 1:20 pm UTC
1 min read
Updated: Mar. 16, 2023 at 1:20 pm UTC

Quick Take

  • The ECB raised the deposit facility rate by 50 bps to 3%.
  • Before the collapse of SVB and the fallout of Credit Suisse, markets were expecting a 50bps rate hike from the ECB; however, moments before the decision, markets saw a 35% probability of a 50bps hike.
ECB Deposit Rate: (Source: Fred)
ECB Deposit Rate: (Source: Fred)
Currencies: (Source: Trading View)
Currencies: (Source: Trading View)
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James Van Straten
James Van Straten
Former Lead Analyst CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.

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