The crypto market remains insensitive to a decrease in BCE rate

In parallel, the Krypto community hopes even more impatiently to reduce the level in the United States and the false rumors of new prices caused a massive increase. Although its politicians remain important, it seems that Europe will lose macroeconomic influence.

ECB reduces rates, without reaction on the side of the market market

The diet of the global recession orbits the whole crypto market, where regulation also plays a key role. American investors are desperately waiting for a decline in rates in the hope that it can provide a new bull pulse.

However, there has been no decline in the ground of the uncle alone. This Thursday, ECB finally reduced the interest rates of the sixth consecutive, but the crypto market barely responded.

“The prospects of growth have deteriorated due to an increase in trade tensions. Increased uncertainty is likely to reduce the confidence of households and enterprises. In addition, it has market reactions, both unfavorable and volatile, to tension, probably to tighten the financing conditions,” ECB said in a public statement.

According to price data, the total capitalization of the crypt market decreased by 0.2 %because the ECB announced these reduction in rates. Among the 10 largest assets, all profits showed this Thursday, with the exception of one.

Does this mean that macroeconomic factors will finally lose effect on crypto markets? This idea, although tempting for some, is obviously false. In fact, less than two weeks ago, the crypto market recorded a sharp increase in a false rumor that Trump suspended the customs price.

These earnings returned when the suspension was finally held. Thus, the macroeconomic influence is still undeniably on the market crypto; On the contrary, it would be more specifically about the ECB and Europe that will lose its influence.

The European Union is not the only economic block that has lost its power in this space. This Wednesday, April 16, the British government announced that inflation was lower than expected, which could allow a new decline in rates.

This announcement also had a negligible impact on the crypto market. Thus, macroeconomic concerns still affect the crypto market, but its strongest ties are with the United States and Asia.

We also noticed a clear sign of this change in the market market several months before the BCE decrees. In fact, Tether was forced to leave the EU for the regulations of the element, but his activity was eventually influenced.

USDT therefore remains the largest stablecoin in the world despite the loss of the entire European market. Since then, Tether has taken measures for better integration into US regulations.

In parallel, many large crypto companies are redirected to Asia and the United States and divert from Europe. At the beginning of this year, A16Z closed its London office to focus on the United States.

In the end, Tether moved to Salvador, and so he was approaching the United States, except for facilitating his access to the Latin American market. This growth area apparently seems to be more fertile than to try again a breakthrough in Europe.

This means that the ECB reduction has barely affected the crypto market, but that does not mean that this industry will ignore the entire old continent. In the future, however, operations in the EU could calculate less and less for the largest companies.

This reflects wider trends, while international capital turns away from Europe. In the end, it seems natural that the crypto market will join this overall movement.

Morality of history: crypto and culture of the past does not always go hand in hand.