As reported by CoinRepublic, Bitcoin's price surged more than 5% on Thanksgiving Day, reaching $91,612, driven by rising expectations of a Fed rate cut in December and inflows into US spot Bitcoin ETFs. Analysts suggest that if BTC breaks the $94,000 resistance, it could potentially reclaim the $100,000 level. The rally also coincided with a 22% increase in trading volume to $73 billion and a rebound in the broader crypto market.
Bitcoin Price Surges Over 5% on Thanksgiving Amid Fed Rate Cut Hopes
The Coin RepublicShare
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