Bitcoin Bounces Back Above $90K, Giving Traders a Thanksgiving Lift

Market watchers braced for another quiet, red Wednesday ahead of Thanksgiving, but Bitcoin instead delivered an unexpected reversal. The world’s largest cryptocurrency climbed back above $90,000 for the first time in a week, shaking off a month-long slide and breaking from its usual pattern of pre-holiday weakness.

A Rare November Rally

Bitcoin’s jump came after several years of declines on the Wednesday before Thanksgiving. The token rose nearly 11% from last Friday’s panic-driven low near $80,760, although it still trades 20% lower over the past month and remains around 30% below its record high of $126,000. By Wednesday afternoon, Bitcoin hovered just above $90,000, up almost 2% over 24 hours.

Beyond bitcoin, the broader crypto market remained subdued. BTC traded near $86,600 earlier in the day, while ether edged up to $2,900. Despite calmer price action, sentiment remains stuck in “extreme fear” after last week’s steep sell-off.

At the same time, Altcoins Altcoins Altcoin is a term that describes any cryptocurrency that isn’t Bitcoin. Since Bitcoin’s inception, countless cryptos have been launched. Many of these have met varying levels of success, though few have risen to rival Bitcoin itself.Ether, XRP, Stellar, Monero, Ada, and Dash are a few examples of the more popular altcoins. There are currently over 5,000 altcoins and this number seems to grow constantly. The leading altcoins as of May 2020 are Ethereum and Ripple.In terms of structure, altcoins c Altcoin is a term that describes any cryptocurrency that isn’t Bitcoin. Since Bitcoin’s inception, countless cryptos have been launched. Many of these have met varying levels of success, though few have risen to rival Bitcoin itself.Ether, XRP, Stellar, Monero, Ada, and Dash are a few examples of the more popular altcoins. There are currently over 5,000 altcoins and this number seems to grow constantly. The leading altcoins as of May 2020 are Ethereum and Ripple.In terms of structure, altcoins c Read this Term showed little momentum, with the biggest move among the top 20 tokens at about 3%. Ether remained near $2,900, while XRP slipped 2%.

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From fundamental perspective, there is a growing optimism about the adoption of Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term by industry leaders. Recently, BlackRock CEO Larry Fink painted a bullish picture for the top crypto and other digital assets. He suggested the cryptocurrency is taking on a role similar to gold in today’s evolving financial system.

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Fink emphasized the growing adoption of digital assets, noting that over $1.4 trillion is now stored in digital wallets worldwide. The remarks underscore a broader trend of major institutions integrating cryptocurrency into mainstream finance

🇺🇸 BLACKROCK CEO LARRY FINK SAID THAT #BITCOIN COULD RISE TO $500,000 - $700,000 🤯 pic.twitter.com/7g0CJTgDeV

— Trending Bitcoin (@BitcoinNews21M) November 26, 2025

Altcoins Stay Quiet as Fear Persists

Meanwhile, XRP recently reached a monumental milestone, surpassing 4 billion processed transactions, with Grayscale Investments making it easier for investors to tap into the network’s potential.

The firm introduced the Grayscale XRP Trust ETF on NYSE Arca, offering a new, streamlined way to track XRP without holding the token directly. Grayscale Brings XRP to Public Markets Grayscale’s GXRP is structured as an exchange-traded product rather than a traditional 1940-Act ETF.

SoSoValue ETF Dashboard Update

1⃣ DOGE Spot ETF board added — now tracking Grayscale Dogecoin Trust ETF @dogecoin @Grayscale
2⃣ XRP adds Grayscale XRP Trust ETF + Franklin XRP ETF @Ripple

Full board👉: https://t.co/EIO5zxelZP#CryptoETF #SoSoValue #SoSoValueUpdate pic.twitter.com/7CRwlnUYVh

— SoSoValue (@SoSoValueCrypto) November 25, 2025

This means it does not carry the same regulatory safeguards as registered ETFs or mutual funds, exposing investors to higher risk, including potential loss of principal. The product provides market exposure to XRP but does not grant ownership of the underlying tokens.

Krista Lynch, Senior Vice President of ETF Capital Markets at Grayscale, described the launch as a “milestone for investors seeking simplified access to XRP.”

She added that GXRP aims to provide efficient tracking while widening investor participation in the XRP ecosystem. Originally introduced as a private placement in September 2024, the product’s move to public markets signals growing institutional interest in established blockchain networks.