Macro narratives like this usually hit crypto liquidity with delay not instantly

ECB Governing Council member Pereira emphasized the need for prompt action in response to persistent consumer price pressures. According to Jin10, Pereira stated in a media interview on Saturday evening that early action is preferable to prevent larger second-round effects later. He expressed a preference for swift and decisive measures when faced with potential inflation spirals. These comments come ahead of the European Central Bank's monetary policy meeting scheduled for June 10-11, where markets and economists anticipate a 25 basis point interest rate hike by officials.