Binance Research: Slowing Global Tightening May Support Bitcoin

Cointime reports: Binance Research said in a Tuesday report that bitcoin could find support before major central banks cut rates if the global pace of rate hikes continues to slow. Eight of the 10 central banks it tracks raised rates in the past six months, but tightening momentum has weakened since peaking in July. Bitcoin fell 3.5% on the week to $74,131, 41% below its $126,198 record high, as CME FedWatch put December hike odds at 96.3%.