ECB

ECB President Christine Lagarde Says Digital Euro Could Complement Cash

European Central Bank (ECB) President Christine Lagarde has suggested that the Eurozone could benefit from adopting the ‘digital euro’ as the EU’s post-pandemic recovery kicks into gear. The ex-IMF President made the comments while addressing the Franco-German Parliamentary Assembly in Frankfurt on Sept 21. According to Lagarde, the Digital Euro should not be viewed as a replacement, but rather a complement to cash. In a nod to cryptocurrency, she also stated that adopting a digital euro could serve as an alternative to private digital currencies. Lagarde’s Remarks on Digital Euro

Bitcoin Rises Ahead of ECB Meet; How Eurozone Could Impact Price?

Bitcoin bounced back on Thursday as the dollar weakened. But the cryptocurrency refrained from making any significant moves ahead of the European Central Bank’s monetary policy resolution later today. BTC/USD surged by up to 1.89 percent to hit an intraday high at $10,417.80. Earlier this week, the pair was trading for as low as $9,819. That signified that traders wanted to keep the price above $10,000, a psychological support level. While BTC/USD showed signs of upside momentum this Thursday, its overall price action remained choppy at best. Bitcoin recovers on