As of November 27, 2025, Bitcoin (BTC) has recovered to trade above $90,000 for the first time in nearly a week, driven by renewed investor confidence and a broad rally in risk assets. This follows a significant plunge since mid-October, where BTC fell over 33% from its peak of $124,000 to around $82,000 on November 21, and triggered over $3.79 billion in outflows from Bitcoin ETFs. Some analysts predict the ongoing bull cycle could still see Bitcoin reach $150,000 by late 2025, supported by supply scarcity and sustained institutional investment.
Price recovery: After a prolonged period of selling, Bitcoin has climbed back above the $90,000 mark.
Market downturn: Since mid-October, Bitcoin and other major cryptocurrencies have experienced a significant downturn, wiping out year-to-date gains. For instance, Bitcoin was down 21% and Ethereum 25% compared to early November.
Driving factors: The recent price surge is attributed to growing confidence that the US Federal Reserve might resume rate cuts soon, coupled with easing market volatility.
Peak and trough: Bitcoin's price hit a previous all-time high of over $95,508.31 on November 16, 2025, but subsequently saw a significant correction.
ETF outflows: The price drop led to substantial capital outflows from Bitcoin spot ETFs, totaling $3.79 billion over the last month.
Analyst outlook: Despite the recent volatility, some analysts maintain a bullish long-term outlook, forecasting a potential high of $150,000 for Bitcoin by December 2025.
Black Friday promotions: PrimeXBT has launched a Black Friday promotion, offering 77% off trading fees on BTC/USDT Crypto Futures.
Exchange updates: Binance has announced new trading pairs and updates to futures contracts.
