The European Central Bank announced a rate cut of 10 basis points, gold rose but bitcoin reacted flat

The European Central Bank held a monetary policy meeting on the 12th, announcing that the euro zone overnight deposit rate will be lowered to minus 0.5% (previously negative 0.4%), while maintaining the euro zone's dominant interest rate to zero and the overnight lending rate unchanged at 0.25%. This is the first time the European Central Bank has lowered the key interest rate in the Eurozone since March 2016. At the time of the news release, the exchange rate of the euro against the US dollar was 1.093, a drop of 0.8%. Gold rose 1.2%, while Bitcoin only rose 0.3%, and the reaction was flat.