London just joined the hawkish turn — and I think crypto traders should read the fine print, not the headline.
The Bank of England raised Bank Rate to 4% from 3.75% today, its first hike since August 2023. The 8–1 vote carried a twist: the lone dissenter wanted a bigger 50-point rise to 4.25%, not a hold.
Bailey said this is unlikely to be the last increase unless the Middle East conflict eases, with UK inflation seen near 5% by mid-2027.
The hike was fully priced in, so $BTC barely blinked — near $80,160 (+2.5%/24h) on Binance spot, $ETH near $2,411 (+4.1%), both flat since then. What matters is the direction of travel: a major central bank turning hawkish while energy prices climb tightens the liquidity backdrop crypto has leaned on.
Does a hawkish BoE change how you read $BTC holding $80k, or is London just catching up? NFA, DYOR.
$BTC $ETH #CryptoMarkets #BoE #RateHike #Inflation
The Bank of England raised Bank Rate to 4% from 3.75% today, its first hike since August 2023. The 8–1 vote carried a twist: the lone dissenter wanted a bigger 50-point rise to 4.25%, not a hold.
Bailey said this is unlikely to be the last increase unless the Middle East conflict eases, with UK inflation seen near 5% by mid-2027.
The hike was fully priced in, so $BTC barely blinked — near $80,160 (+2.5%/24h) on Binance spot, $ETH near $2,411 (+4.1%), both flat since then. What matters is the direction of travel: a major central bank turning hawkish while energy prices climb tightens the liquidity backdrop crypto has leaned on.
Does a hawkish BoE change how you read $BTC holding $80k, or is London just catching up? NFA, DYOR.
$BTC $ETH #CryptoMarkets #BoE #RateHike #Inflation