BTC (Bitcoin) returns to $90,000, rising 3.35% in 24 hours.

Gate News Bot news, on November 27, according to CoinMarketCap data, as of the time of writing, BTC (Bitcoin) is currently priced at $90,469.71, with a rise of 3.35% in the last 24 hours, reaching a high of $93,025.07 and a low of $80,659.81. The 24-hour volume is $6.654 billion. The current market capitalization is approximately $1.81 trillion, an increase of $58.471 billion compared to yesterday.

Important news about BTC recently:

1️⃣ The expectation of the Federal Reserve's interest rate cut drives BTC rebound The Chicago Mercantile Exchange FedWatch tool shows that the probability of a rate cut in December has risen from about 30% to over 80%. The price of Bitcoin has risen 5.6% from last Friday's low of $82,100, and is currently stabilizing around $87,000. Market expectations for a shift in Federal Reserve policy have boosted the sentiment for risk assets.

2️⃣ Institutional investors continue to increase their holdings in Bitcoin NYSE-listed DDC Enterprise Limited announced an increase in its holdings by 100 BTC, purchased at an average price of $106,952, bringing its total holdings to 1,183 BTC. Meanwhile, NASDAQ-listed Scilex Holding completed its second investment of approximately $580 million in Bitcoin in Datavault AI. The continuous inflow of institutional investors provides support for Bitcoin prices.

3️⃣ The activity in the Bitcoin options market is rising According to a report by unfolded, 150,000 Bitcoin options will expire on the Deribit platform this Friday, with a nominal value of $13.19 billion. The current maximum pain price is $101,000, with a put/call ratio of 0.61. The rise in activity in the options market reflects an increased interest from investors regarding future market trends.

From a technical perspective, the short-term resistance level for BTC is around $92,000. If it can break through this level, it is likely to rise further. However, the market has recently been impacted by significant realized losses, which have undermined confidence, so it is still necessary to pay attention to the recovery of market sentiment in the short term.

This message is not investment advice, and investors should be aware of market volatility risks.