Norway's central bank just held the line on borrowing costs again. This is their second straight meeting without any moves, and they made it pretty clear—there's no panic to slash rates anytime soon. The messaging is straightforward: they're in a wait-and-see mode. For crypto traders keeping tabs on macro conditions, this kind of hawkish patience from major central banks matters. When policy makers across developed economies show restraint like this, it typically signals sticky inflation concerns or confidence in current economic conditions. Both scenarios tend to influence how capital flows into alternative assets, including the crypto space. The broader picture is becoming clearer—global rates are likely to stay elevated longer than some markets had hoped.