Bitcoin rose back above $91,000 in late November, extending its rebound from seven-month lows amid cautious optimism across financial markets driven by expectations of a deeper US Federal Reserve rate-cutting path. Markets now price in roughly an 85% chance of a 25 basis point cut in December, up sharply from about 30% a week ago, with three additional cuts anticipated by the end of 2026. Expectations strengthened after reports that White House National Economic Council Director Kevin Hassett is the leading contender for the next Fed chair, a choice investors view as aligned with President Donald Trump’s preference for lower rates. Other major cryptocurrencies, including Ethereum, Ripple, BNB and Solana, also moved higher. Analysts noted that the latest gains reflect a technical rebound from oversold levels as sentiment and the broader macro backdrop improve.
