Bitcoin and Ethereum are driving a rally in the crypto market today. Bitcoin’s price has increased by about 3% in the last 24 hours, reaching over $90,000 on Wednesday, November 26, 2025, during trading in North America.
The price of Ethereum recently broke through a key resistance level of $2,981, reaching around $3,031. This increase helped push the overall cryptocurrency market capitalization up by 1.2%, to approximately $3.04 trillion.
Why are Bitcoin and Ethereum Up Today
Renewed demand from institutional investors after a heavy capitulation last few weeks
After a recent sell-off, large investors are once again buying Bitcoin and Ethereum. Data shows that “whale” investors – those who hold significant amounts of cryptocurrency – have started to return to the market.
The BlackRock IBIT ETF saw over $130 million in new investment on Tuesday, which helped to balance out a large amount of money leaving the fund last week. Also, data from the blockchain shows a large investor—known as a ‘whale’—moved 6,000 ETH (worth more than $17 million) out of Binance on Wednesday, bringing their total holdings to almost 74,000 ETH.
Technical tailwinds amid bearish outlook for Gold
Looking at the technical side, Bitcoin has generally performed worse than other cryptocurrencies and markets this year. Despite growing mainstream acceptance and clearer rules during President Trump’s term, most crypto assets have faced significant selling pressure so far this year.
Things are looking up! After Bitcoin started to recover today, I’m feeling a lot more optimistic about the whole crypto market again. The technical indicators, specifically the RSI, are showing that we might have hit a bottom and could see prices continue to rise for the next few weeks. It’s a good sign that things might be turning around.
As an analyst, I’m seeing increasing optimism in the crypto market, and I believe a potential reversal in Gold prices is contributing to that. We’ve observed short-term Gold investors starting to take profits recently, which suggests money might be flowing out of Gold and into Bitcoin and other cryptocurrencies. This rotation of capital is definitely a bullish signal for crypto right now.
Rising odds for a 25bps Fed rate cut in December amid its upcoming QE
The price of cryptocurrencies is looking positive, and this is likely due to the Federal Reserve potentially starting to buy bonds again, along with increasing expectations of interest rate cuts in December. Adding to this, the amount of money circulating globally has been increasing recently, even though the crypto market has been somewhat unstable.
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2025-11-26 23:44