Bitcoin may benefit as global tightening slows, Binance Research says
Binance Research says Bitcoin could find support as global monetary tightening slows, even as markets price in a December Fed rate hike.
Bitcoin could find support before major central banks start cutting rates if the spread of rate hikes continues to slow, Binance Research said Tuesday.
Eight of the 10 central banks Binance tracks had raised rates over the last six months, including Sweden’s announced increase on Nov. 4, with the momentum of tightening starting to ease since its July peak, Binance Research said in a Tuesday report shared with Cointelegraph.
“Whether this easing continues into early 2027 will be key to judging whether the macro backdrop is turning less hostile for crypto,” the report said.