Bitcoin price swings amid increased volatility; other crypto tokens follow

Why is Bitcoin up?

Bitcoin’s price stood just above $87,598 on November 26, as of 12:01 a.m, as market sentiment points towards recovery with renewed hopes for Fed rate cut giving investors fresh confidence. The cryptocurrency dipped as low as $86,187, and peaked at $89,000 level during yesterday’s trade.

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 63.7 percent of respondents voting for Bitcoin to touch $100,000, while the remainder expecting the cryptocurrency to dip at $69,000 level.

“Despite mixed job data, the addition of 119,000 jobs, well beyond expectations, supports a more accommodative policy outlook. Optimism is also building as markets move closer to potential Quantitative Easing. BTC now faces the next resistance at $90,000, with support moving up to $85,000, indicating a bullish setup," said Edul Patel, CEO of Mudrex.

Meanwhile, the prices of other tokens, too, have recovered, with Ethereum up 2.89 percent, XRP 8.14 percent, BNB 0.90 percent, and Solana is up 5.14 percent in the last 24 hours.

“The $3,000 level for Ethereum may serve as psychological resistance, while stronger technical resistance sits near $3,200. Altcoins such as Solana, XRP, and Dogecoin have logged notable recoveries after the recent pullback,” said Piyush Walke, Derivatives Research Analyst at Delta Exchange.

According to the CME FedWatch tool, Fed funds futures in macro markets imply about a 70 percent probability of a 25-basis-point rate cut, a development that could provide an additional tailwind for crypto markets.

Check out below to see prices of top 10 cryptocurrencies on November 26, as of 12:01 a.m.