The Bank of England just cut its benchmark interest rate to 3.75%, though it was a close call—5 out of 9 officials voted for the move while 4 opposed it. This split decision suggests growing uncertainty around future rate directions. For crypto markets, lower rates typically reduce the opportunity cost of holding digital assets versus traditional fixed-income products. This kind of policy shift matters because it shapes global liquidity conditions and investor risk appetite across all asset classes including crypto. The narrow vote margin hints that more cuts might not be guaranteed, so traders should watch for the next policy signals.