Bitcoin Reclaims $91K as December Fed Cut Odds Fuel a Market-Wide Crypto Rebound

Bitcoin has surged back above the $91,000 level, reigniting momentum across the crypto market after a week marked by deep losses and shaken sentiment.
Over the past 24 hours, the world’s largest cryptocurrency climbed 4.5% to $91,755, recovering sharply from last week’s dip to roughly $81,000. Earlier today, BTC had already reclaimed the $89,000 zone before accelerating higher.
Market participants attribute the rebound to a classic oversold snapback paired with an increasingly favorable macro backdrop. Traders point to renewed risk appetite as expectations for a December Federal Reserve rate cut continue to strengthen.
According to CME Group’s FedWatch, markets now price in an 84.7% probability that the Fed will lower rates in December, even as Chair Jerome Powell recently warned that such a move is not guaranteed. Still, the growing consensus for looser monetary conditions appears to be lifting crypto and equities alike.
Some industry observers say Bitcoin’s rebound looks more like a natural recovery following a sharp correction than a reaction to any single catalyst. They note that market structure remains resilient, liquidity is improving, and BTC’s long-term fundamentals remain intact.
The upside wasn’t limited to Bitcoin. Several major altcoins also pushed higher:
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Ethereum: +2.8% to $3,038
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XRP: +1.6% to $2.22
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BNB: +3.9% to $897.9
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Solana: +2.9% to $143.26
Macro Momentum Builds
Traders are watching macroeconomic signals closely, particularly the December rate decision and whether institutional inflows will continue to bolster liquidity. ETF flows, funding levels, and derivatives positioning remain key indicators for whether the market can sustain this rebound.
While excess leverage has largely been flushed out, improving risk sentiment and rising expectations for a more liquidity-friendly environment have opened the door for a relief rally—one that mirrors the recent rebound in U.S. equities.
U.S. stocks climbed on Wednesday ahead of Thanksgiving, marking their strongest four-day stretch since May. The Dow Jones added 0.67%, the Nasdaq gained 0.82%, and the S&P 500 rose 0.69%, according to Yahoo Finance.
With crypto and equity markets trending upward together, traders are now watching whether Bitcoin can convert this bounce into a sustained move—or whether volatility will once again take center stage as December approaches.
