Bitcoin holds $20K as ECB warns inflation may never return to pre-COVID lows

showed BTC/USD looking nonvolatile but precarious as it stuck in a narrow range on the day.

In particular, Christine Lagarde, head of the European Central Bank , appeared to state that inflation would remain high indefinitely.during a press conference at the ongoing ECB Forum event in Sintra, Portugal. "That is our aim, that is our intention; we think there are various pathways to achieve that, to achieve the path back to 2% inflation while sustaining a strong labor market. We believe we can do that, that's our aim; there's no guarantee that we can do that," he said.Bitcoin was unresponsive to the comments, which preceded fresh U.S. Consumer Price Index data by around two weeks.

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