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Eight of 10 central banks raised rates recently; Bitcoin surged over 160% despite tightening, US Fed may hike again in Dec.

Market News
11 Nov 2026, 15:22 WIB
Tokenpost
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Neutral
Eight of 10 central banks raised rates recently; Bitcoin surged over 160% despite tightening, US Fed may hike again in Dec.

In the six months leading up to November 10, eight out of ten central banks increased interest rates, with Sweden's hike announced on November 4. Despite this monetary tightening, Bitcoin's six-month return turned positive in February 2023 and surged to over 160% by March 2024, its strongest performance in the cycle. Binance Research noted Bitcoin's price moved with the direction of global policy changes rather than the rate levels themselves. However, the US Federal Reserve presents a contrasting outlook, with Governor Christopher Waller leaning toward a rate hike in December, potentially even a half-point increase if inflation remains high, signaling continued monetary tightening in the US.

Bitcoin rate hikes story offers context from Pluang's crypto market as of Nov 11, 2026 20:42 WIB: out of 50 major cryptocurrencies, 9 rose and 40 fell today. Notable movers include BAL (Balancer) up 11.14% at Rp16.297, EOS (EOS.IO) up 8.13% at Rp12.649, and ONE (Harmony) down 14.86% at Rp28 with 73% sell order activity. This snapshot shows mixed market sentiment among major digital assets.

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