Bitcoin price swings amid increased volatility; other crypto tokens follow

Why is Bitcoin up?

Bitcoin’s price stood just above $87,732 on November 26, as of 1:01 p.m, as market sentiment points towards recovery with renewed hopes for Fed rate cut giving investors fresh confidence. The cryptocurrency dipped as low as $86,230, and peaked at $88,051 level in the last 12 hours.

“Bitcoin is holding steady around the $88,000 zone as the markets attempt a cautious recovery ahead of key U.S. macro indicators. For now, the focus remains on the macroeconomic data like the U.S. jobless claims, PCE, and GDP figures. Any positive surprises could help BTC move past the resistance at $91,400, while $85,800 acts as an immediate support,” said Edul Patel, CEO of Mudrex.

The cryptocurrency 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, predictions for the cryptocurrency market stood with 64.7 percent of respondents voting for Bitcoin to touch $100,000, while the remainder thinks the cryptocurrency to dip at $69,000 level.

Crypto analysts expect the volatility in the market to increase as $14 billion in Bitcoin options are set to expire this Friday. "In the near term, BTC may continue consolidating between $86.5K and $88K. Sentiment would strengthen if the price pushes cleanly above $90K," as per CoinSwitch Markets Desk.

Meanwhile, the prices of other tokens, too, have recovered, with Ethereum up 0.65 percent, XRP 1.69 percent, TRON 0.61 percent, and Solana is up 0.91 percent in the last 24 hours.

As per WazirX Trading Desk, “As macro-economic concerns mildly ease, liquidity slowly rotates back into risk assets, at least momentarily. This typically benefits crypto, which has been affected by the macro concerns around liquidity shortage and volatile political dynamics. Volatility could be driven by sudden shifts in equity sentiment, policy risks and trade tensions.”

Check out below to see prices of top 10 cryptocurrencies on November 26, as of 1:01 p.m.

"Ethereum, meanwhile, recently bounced off a long-term ascending trendline that has acted as major support for several months, signaling that buyers are still defending the broader bullish structure. A convincing daily close above $3,000-$3,050 could open a path toward $3,200-$3,300," said Piyush Walke, Derivatives Research Analyst at Delta Exchange.