Bitcoin Price Today on Black Friday (Nov. 28, 2025): BTC Holds Around $91K After Shortened Wall Street Session

Bitcoin spent Black Friday trading in a tight range around the $91,000 mark, stabilizing after a bruising November sell‑off but still struggling to break convincingly higher as U.S. markets closed early for the holiday.

As of late Friday (after the U.S. stock market’s 1 p.m. ET close), major data providers show Bitcoin hovering close to $91K, with intraday moves mostly contained between the low $90,000s and just under $93,000. Daily performance was roughly flat to slightly negative, extending a cautious rebound from last week’s panic lows near $80,000. ^[1]

Bitcoin Price Today After the Bell: Key Snapshot

Using a blend of real‑time quotes and end‑of‑day data, here’s where Bitcoin stands on Friday, November 28, 2025:

Spot price: ~$91,000 (various feeds show ~$90,700–$91,300 late in the day) ^[2]
Intraday range: roughly $90,500 – $93,000, with early U.S. trading seeing a spike close to $93K before prices cooled. ^[3]
24‑hour change: essentially flat, between about –0.2% and –0.7% depending on the reference rate. ^[4]
Week‑over‑week: still 10–15% above last week’s capitulation low near $80,000–$82,000. ^[5]
Month‑to‑date: down just over 20% from early‑November highs above $110,000, marking one of Bitcoin’s worst Novembers in recent years. ^[6]
Market cap & dominance: Bitcoin’s market value sits around $1.8 trillion, with ~57% dominance of a global crypto market near $3.2 trillion. ^[7]

In short: Bitcoin is quietly consolidating near $91K — off the lows, well below the highs, and very much in “wait‑and‑see” mode despite a strong rebound in traditional risk assets.

Black Friday on Wall Street: Risk Assets Back in Rally Mode

The backdrop for today’s Bitcoin action is a broadly positive, holiday‑thinned session in U.S. stocks:

The Dow Jones Industrial Average rose about 0.6%, while the S&P 500 and Nasdaq gained around 0.4% in the shortened Black Friday session. ^[8]
Major indexes are on track for their best week since June, extending a multi‑day recovery rally heading into year‑end. ^[9]
Crypto‑exposed equities joined the party: Coinbase and Bitcoin‑treasury plays like MicroStrategy (often stylized as “Strategy” in some reports) traded higher as Bitcoin held above $90K. ^[10]

This “risk‑on lite” mood matters because Bitcoin is still trading more like a high‑beta tech asset than “digital gold.” Analysts at 24/7 Wall St. describe it as a “mega‑cap tech stock on steroids”, given its tight correlation with risk assets and sharp sensitivity to liquidity. ^[11]

Fed Rate‑Cut Bets: The Main Driver Behind Bitcoin’s Bounce

The biggest single narrative tying Bitcoin, stocks and Black Friday together is monetary policy. Across multiple sources, markets are now heavily betting that the Federal Reserve will cut rates at its December meeting:

CME FedWatch probabilities for a 25‑basis‑point cut have surged into the ~85–90% range, up from about 30–40% just a week ago. ^[12]
JP Morgan and other major banks now openly expect a December cut, citing a cooling labor market and softer inflation data. ^[13]
Commentators at MEXC and other platforms note that volatile, deeply bearish positioning in the options market has started to unwind as rate‑cut odds climbed, easing some of the heavy downside hedging that dominated late October and early November. ^[14]

A widely shared theme:

Bitcoin’s rebound above $90,000 is less about a sudden change in fundamentals and more about macro expectations flipping from “no cut” to “almost certainly cutting.” ^[15]

Several analyses today explicitly tie Bitcoin’s move back over $92K earlier in the session to this dovish turn:

The Crypto Basic reports that Bitcoin pushed as high as ~$92,960, as traders priced in an 87% chance of a December rate cut and speculated about a more dovish Fed chair being appointed. ^[16]
Coindesk’s U.S. market wrap highlights Bitcoin’s brief run to ~$93,000 during the morning rally before sliding back toward $92K and eventually the low $91Ks by afternoon. ^[17]
Indonesian exchange Pintu notes that Bitcoin “broke through the $91,000 level again” on Friday, closing the day around $91,209 — only a 0.08% 24‑hour move, but a clear recovery from last week’s sub‑$83K low. ^[18]

For now, Bitcoin’s bull case is tightly wrapped around the idea of easier policy in December. Any surprise from the Fed would therefore be a major risk for this newly‑formed support zone around $90K.

November Was Brutal — But the Cycle Might Not Be Over

Behind today’s calm lies a very rough month:

Cointelegraph’s November‑in‑charts recap estimates that Bitcoin’s price dropped from around $110,000 to about $91,000, a decline of just over 20% for the month, with a bottom near $82,600 on November 21. ^[19]
That correction wiped out almost $2 trillion in crypto market capitalization, making this Bitcoin’s worst November in years. ^[20]
CryptoPotato notes that Bitcoin has since recovered more than $10,000 from an ~$81K bottom, but warns that December has historically been one of the more challenging months for crypto, keeping traders cautious despite the bounce. ^[21]

At the same time, structural adoption trends haven’t reversed:

Around 17% of Bitcoin’s capped 21 million supply is now held by companies and governments, with exchange‑traded products alone accounting for more than 7% of the supply. ^[22]
24/7 Wall St. estimates that spot Bitcoin ETFs now hold roughly 6% of Bitcoin’s total market capitalization, a level that continues to rise even through volatility. ^[23]

That mix — sharp price pain but steady institutional accumulation — underpins Friday’s more constructive takes. One widely shared 24/7 Wall St. piece lists Bitcoin’s hard cap, the 2024 halving, and growing spot ETF demand as three core reasons why the recent ~25% dip could be attractive to long‑term believers, even if the asset remains extremely volatile. ^[24]

Dominance, ETFs and a Strange Correction

One of the more intriguing themes in today’s coverage is how unusual this latest drawdown looks under the hood:

Coindesk highlights that during the roughly 30–36% peak‑to‑trough decline from October’s all‑time high above $126,000 to last week’s ~$80K low, Bitcoin dominance actually fell instead of rising, dropping from about 61% to as low as 58.5% before a modest recovery. ^[25]
Historically, BTC dominance tends to jump during crashes, because altcoins usually sell off harder. This time, dominance barely bounced, implying Bitcoin itself bore more of the pain than the broader market. ^[26]
Coindesk’s Asia morning briefing also notes that ETF outflows have capped upside, with prediction markets suggesting Bitcoin is likely to stay below ~$92,000 through the end of November even as it reclaimed the $90K handle. ^[27]

Put differently:

The headline price looks stable around $91K, but the market structure is still digesting a fast, unusual deleveraging where Bitcoin didn’t behave like its usual “safer” big‑cap anchor. ^[28]

Derivatives, Sentiment and “Knife‑Edge” Positioning

Derivatives and sentiment data out today paint a picture of cautious stabilization rather than full‑blown risk‑on:

MEXC’s daily market note describes Bitcoin trading “in a tight range between roughly $90,500 and $91,800”earlier Friday, ending the day almost unchanged over 24 hours — but up about 6–7% week‑on‑week after reclaiming $90,000. ^[29]
Options markets have shifted from “intense bearish pressure” to a less extreme, but still defensive, posture: traders are still paying a premium for downside protection, just not as aggressively as last week. ^[30]
The crypto fear & greed index has crept up from extreme fear to “fear”, moving from 18 to 20 in a day — hardly euphoric, but a sign of slightly thawing nerves. ^[31]
99Bitcoins’ live market blog emphasizes that Bitcoin remains tightly correlated with the Nasdaq (around 0.89 over the last 30 days), amplifying sensitivity to macro data and tech sentiment. ^[32]

On the more speculative side, whale flows are starting to flip:

One widely watched address reportedly closed a 1,000 BTC short (~$91 million notional) at a loss and re‑opened a 3x leveraged long, with a liquidation level around $59,000 — a classic high‑conviction bet that the bottom is (or is close to) in. ^[33]

Overall, analysts describe markets as “balancing on a knife’s edge”: the panic has eased, but traders are still hedged and highly sensitive to any surprise in macro data or regulation. ^[34]

Technical Levels Traders Are Watching

While exact levels differ slightly by venue, several updates today converge on a similar near‑term map: ^[35]

Immediate support:
- $90,000 – key psychological level and newly established short‑term support.
- A clean break below $89,000 would have traders eyeing the $86,500 region, with deeper downside potential back toward the mid‑$80Ks if macro mood sours.
First resistance:
- The $92,000–$94,000 zone, which capped today’s intraday rallies and aligns with analyst commentary about “make‑or‑break” resistance just overhead. ^[36]
Upside targets if momentum resumes:
- Some macro‑bullish scenarios point to a move toward $98,000–$102,000 if Bitcoin can clear $94K convincingly and the Fed delivers the widely expected cut. ^[37]

For long‑term optimists, the bigger picture still includes calls for $100K+ retests and even higher levels in 2026, but more measured voices also warn of the possibility of a deeper retrace toward $50,000–$60,000 if liquidity dries up or if risk assets face a broader correction. ^[38]

Black Friday in Crypto: Promotions, Options Expiry and Side Stories

Beyond spot price, Black Friday itself is adding a few wrinkles to the crypto narrative today:

A slate of crypto‑themed Black Friday promotions is live across exchanges and projects. One of the more heavily marketed deals is IPO Genie’s “30% bonus allocation” on its $IPO token presale — a reminder that speculative capital is still hunting for high‑beta plays even as Bitcoin consolidates. ^[39]
Derivatives desks flagged roughly $15 billion in Bitcoin, Ethereum and XRP options expiring today, which can often add volatility as traders rebalance hedges. So far, though, Bitcoin’s actual price action has remained relatively contained in its $90K–$93K channel. ^[40]
In the background, news continues to break on regulation and security — from the UK preparing a tougher stance on crypto tax avoidance to fresh details on the latest Upbit security incident on Solana — but none of these headlines have decisively moved the Bitcoin price today. ^[41]

What to Watch Into the Weekend and Early December

Markets may have closed early on Black Friday, but for Bitcoin traders, the real catalysts are still ahead:

U.S. Senate vote on a major crypto bill (expected December 8)
- A long‑anticipated framework aiming to clarify which tokens are treated as commodities vs. securities could reshape the regulatory landscape and the pace of future spot ETF approvals. ^[42]
The Federal Reserve’s final rate decision of 2025 (December 10)
- With odds near 85–90% for a quarter‑point cut, any deviation could trigger sharp moves across Bitcoin, Ethereum and tech‑heavy equity indexes. ^[43]
ETF flows and on‑chain positioning
- Whether spot Bitcoin ETFs return to steady inflows or resume outflows will be key in deciding if the current bounce evolves into a proper year‑end rally or fails under resistance near $92–$95K. ^[44]
Seasonality vs. cycle risk
- Historically, December has often been choppy for Bitcoin, and analysts remain split on whether the post‑halving cycle still has a final euphoric leg ahead or is now entering a grinding, late‑cycle phase. ^[45]

For now, Bitcoin price today on Black Friday tells a story of fragile stabilization:

The macro winds (rate cuts, stock market strength) are blowing in Bitcoin’s favor.
Structural demand (ETFs, corporates, governments) continues to deepen.
But recent scars — a 20% monthly drop, unusual dominance behavior, and heavy leverage washouts — are still fresh, keeping sentiment closer to fear than greed. ^[46]

Anyone watching BTC into the weekend will be asking the same question:

Is $90,000 now a durable new floor — or just a Black Friday pause before the next big move?

This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency investing is highly volatile and you can lose all of your capital. Always do your own research and consider consulting a licensed financial professional before making investment decisions.

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