Shares of publicly traded companies with heavy exposure to crypto were also down
The aggressive move comes even as the Bank of England predicted a two-year economic contraction
The ECB raised interest rates again on Thursday, with more expected to come
Private sector forecasters say the economy will expand by as little as 3% this year
With rampant inflation, public borrowing rose to 98% of economic output in September
The bleak projections come as central banks around the world raise interest rates to tame inflation
The crypto industry often uses influencers and celebrities to promote new tokens or products
The central bank is taking the step to support the European Union's climate goals
Federal Reserve chair suggests tighter monetary policy won't reflect the 1980s
The ECB's benchmark is now 1.25% for lending to banks, with more hikes on tap