ECB officials are signaling they're keeping all options on the table when it comes to future rate adjustments. Translation? Don't expect them to commit to cutting rates anytime soon. This cautious stance matters for the broader crypto market—when central banks sit tight on monetary policy, it typically keeps liquidity conditions tighter than traders might hope. The uncertainty around when rate cuts could actually happen creates a ripple effect across risk assets, including digital currencies. So while traditional markets digest this hawkish hold, it's worth keeping tabs on how ECB communications could shift market sentiment in the coming weeks.