Bitcoin dips slightly at $90,900 levels after surging on Thanksgiving cheer; BNB, ADA, SOL, other crypto tokens follow

Bitcoin dips at $90,900 levels after surging briefly on Thanksgiving cheer

Bitcoin’s price stood just above $90,922 on November 29, as of 12:31 a.m (IST), after the Thanksgiving rally shifted momentum in favour of the cryptocurrency. It holds strong at 90,000 levels ahead of rising hopes for Fed rate cut in the final meeting of FOMC come December 9.

As per data from the CME FedWatch tool, the likelihood of Fed lowering interest rates to 350 to 375 bps has risen to 86.9 percent from 71 percent a week ago.

"Momentum has cooled slightly, but the price action suggests healthy consolidation rather than weakness, as the market waits for the next catalyst. As long as BTC holds above $90,000 levels, the setup remains stable, and a clean move above $91,800 could open the door for further upside," said CoinSwitch Markets Desk.

The largest cryptocurrency dipped as low as $90,347 and peaked at $92,945 during yesterday’s trade.  Bitcoin reached $126,000 in October during the market's peak performance period. It hit the lowest in April 2025, when its price hovered around $75,000 level. In an online polling platform Myriad, 71 percent predict Bitcoin would touch $100,000, while the remainder thinks the cryptocurrency will dip to $69,000 level.

“Experts have warned of low risk limits for traders with no certain trajectory determined for BTC.With a large percentage of spot and derivatives crypto volume being influenced by Asian traders and exchanges, and the Asian market closing on a firm note, short-term bullishness is predicted for the next 24 to 48 hours. The upside bias could be limited to BTC and ETH only, but will be crucial in testing their next resistance levels,” said WazirX Trading Desk.

The recovery is still fragile, and sentiment can be easily reversed if macro news indicates any setback. A clean break above $92,500 to $93,000 could spearhead the next breakthrough movement, with aspirations predicted to reach 97,000 levels before the next resistance. A mild correction in the last 24 hours isn’t a sign of immediate downward movement, but it doesn’t rule out correction completely, which could potentially see prices go back down to 80,000 levels.”

The volatility has been observed across prices of other tokens, too, with ETH up 0.27 percent, BNB down 1.72 percent, ADA down 3.98 percent, and SOL down 3.99 percent in the last 24 hours.

“Futures markets show a leverage washout, laying the foundations for a more sustainable rebound. At the same time, the dollar hovering near a one-week low is supporting risk assets like crypto. With $92,000 as the immediate hurdle, a clean move above $94,000 would validate a breakout and set the stage for a stronger rally," said Akshat Siddhant, Lead Quant Analyst at Mudrex.

Check out below to see prices of top cryptocurrencies on November 29, as of 12:31 a.m.

“From a sentiment perspective, the Fear & Greed Index has climbed from 11 to 20, signaling gradual recovery in confidence. Looking ahead, potential Fed policy easing and the Ethereum upgrade could act as catalysts for renewed upside momentum. However, short-term volatility may persist," Riya Sehgal, Research Analyst, Delta Exchange.