Odaily News The European Central Bank (ECB) is expected to cut interest rates to 2.65% on Thursday, continuing its accommodative policy from a high of 4.5%, despite sharp fluctuations in European bond markets. The market has repriced in at least three interest rate cuts from the Federal Reserve in 2025, while Germany and China have also taken fiscal easing measures. This may further promote the improvement of global liquidity and provide positive signals for risky assets such as Bitcoin. However, eurozone inflation is still higher than the central bank's 2% target, and the rise in German 10-year government bond yields to 2.8% (the highest since 2011) may trigger market concerns about bond market risks. (Coindesk)