8 out of 10 central banks raised interest rates... the spread of tightening slows after July

Binance Research reported that eight of the ten central banks it tracks raised interest rates over the past six months, including Sweden's Riksbank on December 4, though the pace of global tightening has slowed since peaking in July. The firm argues that if the spread of rate hikes continues to decelerate, bitcoin (BTC) could find support even before central banks begin cutting rates. The key distinction, according to the report shared with Cointelegraph, is between when rate cuts actually start and how quickly hikes propagate across jurisdictions. The findings matter for crypto markets because tighter monetary policy has been a major headwind for risk assets like BTC. What to watch next is whether the broadening of hikes keeps fading, which Binance Research frames as the precondition for bitcoin to stabilize ahead of any pivot to easing.