Bitcoin price up towards recovery amid hopes of Fed rate cut in December; Check prices of XRP, BNB, SOL, and other crypto tokens

Bitcoin price has moved up 1.62 percent in the last 24 hours.

Bitcoin’s price has moved up nearly 1.05 percent in the last 24 hours, and is hovering around $87,900 level on November 25, as of 12:18 p.m., as market sentiment points towards recovery.

"The crypto market saw a relief rally with Bitcoin briefly crossing $89,200. The momentum shift came as the probability of a December rate cut climbed to 81 percent on Polymarket, giving investors fresh confidence. 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.

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.

"Ethereum has also bounced, gaining roughly 13 percent from its recent swing low. The $3,000 level 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. In macro markets, Fed funds futures imply about a 70 percent probability of a 25-basis-point rate cut, according to the CME FedWatch tool, a development that could provide an additional tailwind for crypto markets," said Piyush Walke, Derivatives Research Analyst at Delta Exchange.

Check out below to see prices of top 10 cryptocurrencies on November 25, as of 12:18 p.m.