European Central Bank policymaker Villeroy just dropped some interesting commentary on inflation dynamics. He's making the case that current inflation uncertainties mean the ECB needs to keep all policy tools on the table.

This flexible approach suggests they're not ready to commit to any particular trajectory yet - whether that's continued rate cuts or holding steady. Given how inflation has been bouncing around lately, makes sense they'd want room to maneuver.

For crypto markets, central bank policy stance remains a key driver of risk sentiment. Looser monetary conditions typically fuel appetite for alternative assets.