The cryptocurrency market breathes a sigh of relief this Wednesday following a significant recovery in the leading asset. The Bitcoin price managed to surpass the psychological mark of $90,000 again, reversing a negative trend that had worried investors for the past two weeks. Market analysts confirmed that this rebound marks a shift in sentiment just ahead of the Thanksgiving holiday, offering a respite after touching recent lows of $81,000.
During the session, the cryptocurrency reached an intraday high near $90,334 before stabilizing around $90,035. This movement represents an increase of over 3% in a 24-hour period, partially erasing the losses suffered that had wiped out the accumulated gains during 2025. Recent volatility had led many traders to speculate about the start of a prolonged bear market, but current price action suggests a solid defense of key supports by buyers.
Is this bounce a sign of sustained recovery or temporary relief?
Despite current optimism, the overall picture remains challenging when compared to all-time highs. Just in October, the asset set an impressive record of $126,080, placing the current quotation nearly 29% below that peak. Experts point out that the previous drop was driven by a combination of macroeconomic and structural factors, including a notable decrease in institutional investor interest that had sustained the rally earlier in the year.
Furthermore, uncertainty regarding the Federal Reserve’s monetary policy has played a crucial role in market caution. Historically, digital assets have performed better in low-interest-rate environments, but indecision regarding a potential third rate cut by the end of 2025 has generated doubts. This lack of clarity has caused capital to move with greater prudence, exacerbating volatility during moments of low liquidity.
How did major altcoins react to the leader’s movement?
The recovery was not an isolated event, as the rest of the market accompanied the bullish move. Ethereum, the second-largest cryptocurrency, saw its value rise 3% to sit near $3,022. Meanwhile, Solana stood out with superior performance, shooting up nearly 5% to reach $143, while other assets like XRP and Dogecoin recorded moderate gains of 2% and 3% respectively.
Experts have also identified waning liquidity as a determining technical factor in the previous drop. The crash suffered in October, which wiped out a record $19 billion in open interest, left deep scars on the market structure. However, the current rebound indicates that, despite the fragility, there is still buying appetite at lower levels, which could stabilize the Bitcoin price as the market enters the final month of the year.
Looking towards the end of November, attention will focus on whether this momentum can be maintained during the holiday weekend in the United States. Although trading activity might decrease due to the holiday, the market’s ability to sustain these levels will be crucial to determine the trend for December. If the recovery consolidates, we could see a renewed attempt to attack higher resistances; otherwise, this episode will remain a momentary pause within a broader correction in the digital economy.
