‼️🚨 $BTC BACK TO SURPASS US$90,000 AMID A GENERAL MARKET RALLY 🚀🚀
Bitcoin rose above US$ 90,000 on Wednesday for the first time in almost a week, staging a modest recovery after falling to its lowest level since April last Friday. The advance came as U.S. stock markets extended their winning streak for the fourth consecutive day, with the S&P 500 up 0.7% and the Nasdaq Composite gaining 0.8%.
The cryptocurrency, which peaked at US$ 90,396 during Wednesday's session, has now risen approximately 12% since last Friday's panic bottom near US$ 80,000. The U.S. Bitcoin ETF attracted new inflows, interrupting a streak of redemptions that had marked November as the worst month for Bitcoin funds since their launch in January 2024.
The growing conviction that the Federal Reserve may cut interest rates at its December meeting boosted risk assets in general. The CME FedWatch now shows an 83% probability of a 25 basis point cut, sharply up from less than 40% just last week. Markets will be closed on Thursday due to Thanksgiving Day.
