Bitcoin Testing Key Support Level

It is a pleasure to be with you again for our regular exchange. This year has been one of profound global economic and geopolitical uncertainty. As we navigate a world increasingly marked by fragmentation, uncertainty and conflict, Europe must reaffirm its role as a pillar of economic and political stability. And with the foundations of global balance under strain, the international financial system is also entering uncharted territory. A key part of this evolving landscape is the rapid rise of crypto-assets and stablecoins. For this hearing, you asked me to elaborate on the emerging challenges and opportunities associated with these new digital assets. First, however, I would like to update you on the ECB’s assessment of the euro area economy and our monetary policy stance. ECB’s Pres Lagarde: Risks To The Growth Outlook Remain Tilted To The Downside - Accelerating Progress Towards A Digital Euro Is A Strategic Priority ECB's President Lagarde: Inflation to sustainably stabilise around 2%. ECB’s Pres Lagarde: Survey Data Point Overall To Some Weaker Prospects For Economic Activity In The Near Term - Strong Labour Market, Rising Real Incomes, Robust Private Sector Balance Sheets And Easier Financing Conditions Should Help