Bitcoin Approached $92,000 Amid Expectations of a Fed Rate Cut

• Bitcoin reached $91,942 at one point and then retreated.
• The rest of the market also grew, albeit to a lesser extent.
• The upward trend is fueled by expectations of a Fed rate cut in December.

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On the night of November 27, 2025, bitcoin showed positive dynamics, reaching $91,942 at one point, according to TradingView. Experts believe that the uptrend is fueled by expectations of an interest rate cut by the U.S. Federal Reserve (Fed).

In preparing this material, it can be seen that the asset has successfully consolidated above the $91,000 level.

BTC/USDT rate on the Binance exchange. Source: TradingView.

Following the first cryptocurrency, other major assets also showed positive dynamics. At the same time, we can see that altcoins are lagging behind, as their growth on the daily chart remains smaller. It is worth highlighting Ethereum, the price of which has recovered to the level of $3000.

Top 10 crypto assets by capitalization index. Source: CryptoRank.

The sharp uptrend affected traders’ short positions. The total daily volume of liquidations on the futures market is more than $318 million, with the prevalence of shorts.

Daily volume of liquidations on futures contracts on crypto assets. Source: CoinGlass.

The Fear and Greed Index is still deep in the red zone. However, this indicator is also showing a positive trend, rising by three points over the past 24 hours.

Fear and Greed Index in the cryptoasset market. Source: CoinStats.

Vincent Liu, CIO at Kronos Research, said in a commentary for The Block that the uptrend is being fueled by two factors — the oversold nature of the asset and positive expectations for the Fed’s December 2025 rate decision.

At the end of October 2025, the Fed lowered the interest rate, but its head Jerome Powell made it clear that further policy easing is not guaranteed.

However, amid rumors that President Donald Trump has already chosen a candidate for the position, expectations of a rate cut have increased. According to the forecast of the CME exchange, the probability of such a scenario is estimated at 84.9%. A week ago, it amounted to about 40%.