Binance Research: Global Tightening Slowdown May Support Bitcoin

On November 10 that according to Cointelegraph, Binance Research stated that if the trend of global interest rate hikes continues to slow, Bitcoin may find support before major central banks begin cutting rates.

The firm noted that eight of the ten central banks it tracks have hiked rates over the past six months, but tightening momentum has begun to wane since its peak in July. Whether this deceleration in tightening persists into early 2027 will be key to assessing whether the macro environment for cryptocurrencies is improving.

Binance Research pointed out that in the previous cycle, Bitcoin bottomed in November 2022, with its six-month returns turning positive in February 2023, ahead of the central banks covered by its index starting rate cuts. The institution believes Bitcoin’s trajectory follows the direction of global monetary policy rather than absolute policy levels.