Inflation fell more than expected across the single-currency bloc in June, easing pressure on the European Central Bank (ECB) and reviving hopes that the energy-driven spike triggered by the war in the Middle East is finally fading.

French inflation eased more than expected in June as energy costs fell. Here's what it means for ECB rate decisions and crypto risk assets.

Oil prices plunging to $58-61 per barrel have slashed ECB July rate hike odds to 33%, easing pressure after June's 25-basis-point increase to 2.25%.