Bitcoin price BTC USD recovery before Thanksgiving: Bitcoin price (BTC USD) surges above $90,000 ahead of Thanksgiving 2025: Ethereum, Solana, XRP, & Dogecoin rally amid crypto market recovery

BTC USD price today: Bitcoin rebounded above $90,000 on Wednesday, before Thanksgiving and offered some relief to investors after a challenging two weeks that had many in the crypto community worried about a potential bear market, as per a report.

Bitcoin Price Surges Past $90,000 Amid Market Recovery Before Thanksgiving 2025

The world’s largest cryptocurrency hit a high of $90,334 in the afternoon before dipping slightly, most recently trading at $90,035 as per a report by Decrypt. Over the past 24 hours, Bitcoin climbed more than 3%, signaling a modest recovery.

November BTC USD Crash Wipes Out 2025 Bitcoin Gains

November has been a turbulent month for Bitcoin, with the digital asset falling to nearly $81,000 at one point, wiping out its gains for 2025. In October, Bitcoin reached a record high of $126,080, which means that it is now about 29% below that peak.

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Why Bitcoin Price USD Dropped

Analysts speaking with Decrypt pointed to declining institutional interest and uncertainty around Federal Reserve policy as key factors behind the recent downturn, as per the Decrypt report.

Cryptocurrencies have historically performed well when the Fed cuts interest rates, but speculation has been swirling about whether a third rate cut will happen in December.

October Crash Wiped Out $19 Billion in Open Interest

Liquidity issues have also played a role in the volatility. A sharp crash in October wiped out a record $19 billion in open interest, putting additional pressure on the market.ALSO READ: White House on lockdown after 2 National Guards were shot in DC today – here’s what happened

Ethereum, Solana, XRP, and Dogecoin Follow BTC Rally

Other cryptocurrencies followed Bitcoin’s upward movement on Wednesday. Ethereum rose about 3% to $3,022, while Solana surged nearly 5% to $143. XRP and Dogecoin also posted gains of 2% and 3%, respectively, as per the Decrypt report.

Crypto Trading Continues During Thanksgiving

Although many Americans will step away from the markets for the Thanksgiving holiday on Thursday, crypto trading will continue uninterrupted, keeping investors and traders on alert.

FAQs

How much did Ethereum rise today?
Ethereum went up about 3% to $3,022.

Will crypto trading stop for Thanksgiving?
No, trading continues even while many US stock markets are closed.