Euro-area banks reported their strongest deterioration in retail-funding access since 2011 in a European Central Bank survey released Oct. 27, with the net balance reporting worse access at 9% in the third quarter, up from 3% in the second. The ECB still described the deterioration as moderate. The report adds evidence of tighter financing before the central bank’s Oct. 29 policy decision, with potential pressure on Bitcoin through financing costs and investor risk appetite.