Bitcoin Price Surges Past $90,000 Amid Market Recovery Before Thanksgiving 2025
The world’s largest cryptocurrency hit a high of $90,334 in the afternoon before dipping slightly, most recently trading at $90,035 as per a report by Decrypt. Over the past 24 hours, Bitcoin climbed more than 3%, signaling a modest recovery.
November BTC USD Crash Wipes Out 2025 Bitcoin Gains
November has been a turbulent month for Bitcoin, with the digital asset falling to nearly $81,000 at one point, wiping out its gains for 2025. In October, Bitcoin reached a record high of $126,080, which means that it is now about 29% below that peak.
ALSO READ: Tech layoffs November 2025: Apple, Synopsys, Hewlett-Packard, Playtika, HP & more cut jobs – which roles and departments are most affected
Why Bitcoin Price USD Dropped
Analysts speaking with Decrypt pointed to declining institutional interest and uncertainty around Federal Reserve policy as key factors behind the recent downturn, as per the Decrypt report.
Cryptocurrencies have historically performed well when the Fed cuts interest rates, but speculation has been swirling about whether a third rate cut will happen in December.
October Crash Wiped Out $19 Billion in Open Interest
Liquidity issues have also played a role in the volatility. A sharp crash in October wiped out a record $19 billion in open interest, putting additional pressure on the market.ALSO READ: White House on lockdown after 2 National Guards were shot in DC today – here’s what happened
Ethereum, Solana, XRP, and Dogecoin Follow BTC Rally
Other cryptocurrencies followed Bitcoin’s upward movement on Wednesday. Ethereum rose about 3% to $3,022, while Solana surged nearly 5% to $143. XRP and Dogecoin also posted gains of 2% and 3%, respectively, as per the Decrypt report.
Crypto Trading Continues During Thanksgiving
Although many Americans will step away from the markets for the Thanksgiving holiday on Thursday, crypto trading will continue uninterrupted, keeping investors and traders on alert.
FAQs
How much did Ethereum rise today?
Ethereum went up about 3% to $3,022.
Will crypto trading stop for Thanksgiving?
No, trading continues even while many US stock markets are closed.