Bitcoin bounces back 🏀

Bitcoin held above the $90,000 level Thursday, with analysts attributing the upward momentum to "improving risk sentiment."

Author

Stephen Graves
November 27, 2025

đź“ť What you need to know

Bitcoin reclaimed the $90,000 level ahead of Thanksgiving, with analysts attributing the spike in buying pressure to “improving risk sentiment” rather than crypto-specific catalysts.

The market remains on tenterhooks awaiting a possible December rate cut by the Fed, with analysts for QCP noting that while four officials have signalled support for cuts, two remain neutral and six are opposed. With that in mind, Bitcoin is expected to remain rangebound.

Elsewhere, it wasn’t a great day for Solana, with spot SOL ETFs posting their first ever day of net outflows, even as South Korean exchange Upbit managed to lose $36 million worth of SOL in a hot-wallet breach.

'Improving Risk Sentiment' Driving Bitcoin's $90K Retest: QCP

Analysts remain cautiously optimistic, with Bitcoin reclaiming $90K as the chances of a December rate cut hit 85%.

đź“° In the News

Spot Solana ETFs Post First Red Day Since Launch

Solana ETFs recorded their first-ever outflow of $8.1M amid a broader crypto market recovery, breaking a three-week streak of inflows.

South Korea’s Upbit Reports $36 Million Loss in Solana Hot-Wallet Breach

South Korea’s largest crypto exchange halted services and shifted assets to cold storage after detecting unauthorized withdrawals.

Global Exchanges Urge SEC to Curb Broad Crypto Exemptions, Warn on Tokenized Stock Risks - Decrypt

The SEC is being warned not to let crypto firms bypass investor protection rules as it considers exemptive relief for tokenized stocks.

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