Key Takeaways
- Bitcoin steadied above $91,000 on November 28, 2025, following a rebound driven by rising bets on Federal Reserve rate cuts.
- Market optimism increased amid speculation over a potential Fed Chair nomination of Kevin Hassett, boosting bullish sentiment for risk assets including Bitcoin.
- Despite advances, investors remain cautious due to persistent inflation and mixed U.S. economic data, challenging hopes for a sustained rally.
Bitcoin held firm above the $91,000 threshold early on November 28, 2025, as enthusiasm mounted over a likely Federal Reserve interest-rate reduction. This largest cryptocurrency’s rebound, reflecting about an 8% weekly gain following four consecutive weeks of decline, underscores a bullish market mood fueled by expectations of looser U.S. monetary policy.
Fed Rate Cut Speculation Spurs Bullish Momentum
Bitcoin traded around $91,202.90 by 01:32 ET (06:32 GMT) after briefly dropping close to $80,000 last Friday, its lowest point since April. The price recovery synchronized with a significant jump in bets on a 25-basis-point rate cut at the Fed’s December meeting. According to the CME FedWatch tool, the probability of this reduction has soared to roughly 87%, a sharp increase from 39% just a week earlier.
Lower interest rates typically ease borrowing costs, enhancing liquidity and driving investor appetite for high-risk assets like Bitcoin. This dynamic has reinforced optimistic market behavior and encouraged renewed institutional inflows, helping to lift the cryptocurrency out of a prolonged slump.
Leadership Rumors Enhance Risk Appetite
Adding fuel to the bullish narrative is speculation that Kevin Hassett, White House economic adviser, could be nominated as the next Federal Reserve Chair. Market participants widely perceive Hassett as dovish relative to current Fed officials, suggesting a more aggressive easing agenda might be forthcoming. This scenario is viewed as supportive of overall risk asset appreciation and consolidates Bitcoin’s recent upward trajectory.
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Nonetheless, caution persists among investors due to ongoing inflationary pressures and mixed economic data emanating from the U.S. These factors inject uncertainty about the pace and extent of forthcoming Fed easing. The debate continues whether Bitcoin’s latest gains signal a durable uptrend or a temporary correction.
Altcoins Show Limited Movement
Mirroring Bitcoin’s performance, alternative cryptocurrencies traded tightly on Friday. Ethereum, ranked second by market capitalization, slipped 0.5% to $3,013.92, while XRP held steady near $2.21. Solana edged down, Cardano declined 2.5%, and Polygon lost 1.2%. Meme coins Dogecoin and the $TRUMP token each fell approximately 3%, reflecting subdued appetite for smaller, more speculative cryptos despite Bitcoin’s stronger rebound.
Bullish: Market Outlook
Bitcoin’s robust positioning above $91,000 as 2025 winds down highlights a renewed bullish sentiment driven by growing Fed rate cut expectations combined with potential leadership changes at the central bank. While macroeconomic uncertainties remain, the sharply increased probability of easier monetary policy could steer risk assets higher in the near term. Market participants will closely monitor upcoming economic reports and Fed announcements to gauge the sustainability of Bitcoin’s rally amid persistent inflation concerns.
