$BTC Bitcoin has rebounded sharply and is trading above USD 91,000 again, showing renewed buying interest and improving sentiment after a tough few weeks.
Ethereum $ETH also saw gains, with its price bouncing and markets eyeing a potential “Santa-rally” into year-end.
Analysts note that derivatives flow and investor sentiment have turned more optimistic, fueling hopes of a broader crypto market recovery.
Earlier in November,(BTC) plunged nearly 21% — the sharpest monthly drop since mid-2022 — as forced liquidations and risk-off sentiment hit the crypto space hard.
During that slump, many altcoins also tumbled, and liquidity across exchanges weakened significantly.
For Binance Coin $BTC and other altcoins, the market remains uncertain — although some see potential for rebound if bullish sentiment sticks.
Market watchers are looking toward possible year-end rallies (“Santa rally”), as sentiment improves and some institutional players return.
Key resistance/support levels — for ETH, those are ~$3,800–$4,000; for BTC, reclaiming and holding above $90,000 will be important to sustain momentum.
Macro factors such as global financial markets, liquidity conditions, and investor risk-appetite remain influential. Many believe a favorable environment could attract renewed inflows into crypto.