The broader crypto market, led by Bitcoin (BTC) and Ethereum (ETH), is on the rise today. Bitcoin price rose about 3% over the past 24 hours, trading above $90,000 on Wednesday, November 26, 2025, during the mid-North American session.
Ethereum price rose above a crucial resistance level around $2,981 to trade at around $3,031 at the time of writing. As such, the total crypto market cap rose 1.2% and hovered around $3.04 trillion at the time of writing.
Why are Bitcoin and Ethereum on the rise today?
Renewed demand from institutional investors after a heavy capitulation in recent weeks
Demand for Bitcoin and Ethereum by institutional investors has recovered in recent days. After a notable capitulation in recent weeks, data from the chain shows that whale investors have returned.
For example, BlackRock’s IBIT included a net cash inflow of more than $130 million on Tuesday, partially offsetting last week’s huge outflow. On a chain data analysis revealed that an individual whale investor withdrew 6k ETH, worth over $17 million, from Binance on Wednesday, increasing his holdings to nearly 74k ETH.
Technical Tailwind Amid Bearish Outlook for Gold
From a technical analysis perspective, BTC price has underperformed the broader altcoin market relative to other markets thus far. Amid mainstream crypto adoption fueled by regulatory clarity under President Donald Trump, broader crypto assets are under immense selling pressure YTD.
However, the current Bitcoin-led market recovery has rejuvenated bullish sentiment for the broader crypto space. With the weekly Relative Strength Index (RSI) hovering at oversold levels, bullish momentum is likely to continue in the coming weeks.
Source: X
The bullish sentiment for crypto is reinforced by the increasing likelihood of a gold market reversal. In recent weeks, the gold price has formed a potential reversal pattern as short-term investors accelerate their profit-taking, increasing capital rotation into Bitcoin and the broader crypto market.
Source: X
Rising odds for a 25 basis point Fed rate cut in December amid upcoming QE
The renewed bullish outlook for cryptocurrencies is reinforced by the Federal Reserve’s upcoming quantitative easing (QE), amid the increasing likelihood of a rate cut in December. Moreover, the global money supply has increased in the recent past, amid a choppy crypto market.
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