HomeNewsBusinessPersonal FinanceBitcoin holds above $91,000 levels amid surge fueled by Fed rate cut optimism; BNB, TRON, and other crypto tokens follow

Bitcoin holds above $91,000 levels amid surge fueled by Fed rate cut optimism; BNB, TRON, and other crypto tokens follow

Bitcoin’s price increased 1.28 percent in the last 24 hours; it hit the lowest at $89,602 in the last 24 hours.

November 28, 2025 / 00:34 IST
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Bitcoin holds above $91,000 levels
Bitcoin holds above $91,000 levels

Bitcoin’s price stood just above $91,404 on November 28, as of 12:02 a.m (IST), as market sentiment makes a steady recovery ahead of rising hopes for Fed rate cut in the final meeting of Federal Open Market Committee (FOMC) scheduled on December 9 and 10, 2025.

As per data from the CME FedWatch tool, the likelihood of Fed lowering interest rates by 25 basis points to 3.50-3.75 percent has risen to 85.3 percent from 50.1 percent a week ago.

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The largest cryptocurrency dipped as low as $89,602 and peaked at $91,836 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, 72 percent predict Bitcoin would touch $100,000, while the remainder thinks the cryptocurrency will dip to $69,000 level.