Bitcoin Price Today, 24 November 2025: BTC Rebounds Toward $89,000 After $1 Trillion Crypto Rout

Bitcoin’s price on 24 November 2025 staged a notable recovery, trading in the mid-to-high $80,000s after last week’s brutal sell-off that wiped out roughly $1 trillion in crypto market value and pushed the asset toward its worst month since 2022. ^[1]

Below is a detailed breakdown of Bitcoin’s price today, the key drivers behind the move, and what traders are watching next.

Snapshot: Bitcoin Price on 24 November 2025

Across major data providers and exchanges, Bitcoin (BTC) spent Monday oscillating within a relatively wide intraday range but finished the day comfortably above recent lows:

Intraday range: roughly $85,000 – $89,000
Opening level (Coinbase Pro): about $86,800
Intraday high: around $89,200
Intraday low: near $85,200
Session gain: approximately +1.7% versus Sunday’s close ^[2]

The CoinDesk Bitcoin Price Index ended the day close to $89,150, up about 1.9% on the session and extending a two‑day rebound of more than 5%. ^[3]

A separate daily benchmark from YCharts, which measures the day’s price as of midnight UTC, printed $86,783.85 for 24 November 2025, underscoring that BTC broadly sat in the mid‑$80,000s to high‑$80,000s zone depending on methodology. ^[4]

Earlier in the day, at 10:20 a.m. UTC, the official Bitcoin account on X (formerly Twitter) reported a spot price of roughly $85,900, before the later push toward the $89,000 area. ^[5]

From $126K Peak to $80K Lows: Why This Bounce Matters

To understand why today’s move is significant, you have to zoom out.

In October 2025, Bitcoin hit an all‑time high above $120,000–$126,000, depending on the index used. ^[6]
By late November, the price had crashed to around $80,000, a drop of roughly 30–35% from the peak. ^[7]
A Fortune and Deutsche Bank–linked analysis highlighted how Friday’s plunge to about $82,000 marked one of the sharpest drawdowns of the cycle. ^[8]

Against that backdrop, Monday’s action looks more like a relief rally than a full‑fledged trend reversal:

Coindesk reported that Bitcoin briefly topped $89,000, gaining more than 10% from Friday’s trough just above $80,000 before settling back in the upper‑$80,000s by late U.S. trading. ^[9]
Even after today’s bounce, BTC remains far below its October highs and on course for one of its worst months since the 2022 crypto crash, when a wave of corporate failures rocked the sector. ^[10]

In other words, today’s Bitcoin price recovery is meaningful—but it’s happening in the shadow of a very large, very recent drawdown.

Macro Backdrop: Fed Hopes, Risk-On Stocks and Lingering Fear

Rate-cut expectations support the bounce

Traders increasingly see a December interest rate cut from the U.S. Federal Reserve as likely, after comments from San Francisco Fed President Mary Daly and improving risk sentiment in equity futures. ^[11]

That shift in expectations is helping:

Lower perceived discount rates on risk assets (including Bitcoin)
Boost equity indices, particularly tech and AI‑linked stocks
Encourage short‑covering and dip‑buying across parts of the crypto market

A separate Wall Street Journal market wrap noted that major tech and semiconductor names led a broader stock rebound on Monday, while Bitcoin traded close to $89,000 despite recent outflows from major crypto funds. ^[12]

But sentiment is still fragile

Despite today’s green candles, the mood around Bitcoin remains cautious:

Axios highlighted that Bitcoin is approaching its worst monthly performance since 2022, with a crypto “fear gauge” from CoinGlass dropping to “extreme fear” and retail investors pulling back from buying the dip. ^[13]
CBS and Bloomberg reporting over recent days emphasized that BTC has erased most of its 2025 gains, underscoring the severity of November’s slide. ^[14]

So while today’s Bitcoin price looks healthier than last week’s lows, underlying sentiment indicators still point to a market that is nervous rather than euphoric.

Deutsche Bank’s ‘Tinkerbell Effect’: Belief Under Pressure

One of the most talked‑about narratives today comes from Deutsche Bank.

A widely cited analysis—covered by MarketWatch, Coindesk and others—argues that Bitcoin’s rout has revived its so‑called “Tinkerbell effect”: the idea that the asset’s valuation is heavily dependent on collective belief. ^[15]

According to the bank’s strategists:

Bitcoin’s decline since October has been driven by a mix of macro and market‑specific factors, including risk‑off sentiment, “higher for longer” rate expectations, fading regulatory momentum and weaker institutional flows. ^[16]
Long‑term holders have started to take profits, a behavior less visible in previous drawdowns. ^[17]
Bitcoin ETFs have moved from being a major source of inflows earlier in the year to record outflows this month. One Bloomberg tally puts November redemptions from U.S.-listed Bitcoin ETFs at around $3.5–3.8 billion so far, close to prior records. ^[18]

Deutsche Bank’s takeaway: structural forces—not just speculative sentiment—are now shaping Bitcoin’s volatility, testing its role as a portfolio asset.

ETF Flows, Retail Caution and Altcoin Rotation

Spot Bitcoin ETFs bleed, altcoins catch a bid

ETF flow data show that spot Bitcoin funds have been under sustained pressure through November:

Bloomberg and Coindesk data point to record or near‑record monthly outflows from U.S. Bitcoin ETFs, after a nine‑month run of strong inflows earlier in 2025. ^[19]
A separate analysis of daily ETF flows from Farside Investors shows repeated large negative prints in the week leading up to today, signaling persistent institutional selling and de‑risking. ^[20]

Yet even as Bitcoin funds bleed, other parts of crypto saw relief:

Coindesk’s market coverage today noted that XRP and SUI led gains, jumping 8–11% over 24 hours, while Ethereum also outperformed BTC during the rebound. ^[21]
Some reports highlight growing interest in altcoin‑linked ETFs and products, even as Bitcoin‑focused funds see outflows. ^[22]

Retail investors step back from the dip

Axios reports that retail investors, who have historically “bought the dip” aggressively, are now more cautious:

A crypto fear gauge has plunged to its lowest level since the 2022 meltdown.
Retail dip‑buying in both crypto and high‑growth tech stocks has slowed sharply, according to data from several brokerages. ^[23]

This retreat from smaller investors helps explain why Bitcoin, despite today’s bounce, still feels like it’s in a healing phase rather than a fresh bull leg.

Technical Picture: Key Levels Around $82K, $86K and $90K

Technical analysts remain focused on a few crucial zones that framed today’s Bitcoin price action:

Support zone: Multiple analyses, including a detailed breakdown on Brave New Coin, point to the $82,000–$85,800 range as a key support area, where BTC recently bounced after revisiting its post‑crash lows. ^[24]
Current equilibrium: As of today, Bitcoin appears to be stabilizing around $86,000–$88,000, with several spot data providers and indices clustering in that band. ^[25]
Immediate resistance: Both Brave New Coin and Coindesk highlight the $88,000–$90,000 zone as a short‑term ceiling. BTC briefly pushed through the lower end of that range today, but sellers returned, capping the move. ^[26]
Psychological barrier: Market commentary repeatedly references $100,000 as a symbolic “wall” for any renewed rally—a level that traders say may be difficult to reclaim quickly after such a steep November drawdown. ^[27]

For now, many short‑term traders are treating this as a range‑bound environment, with opportunities to trade swings between support in the low‑$80Ks and resistance near $90K.

What Could Move Bitcoin Next?

Looking beyond today’s candles, several catalysts could drive the next big move in the Bitcoin price:

Federal Reserve decisions and macro data
- Incoming inflation, employment and growth data will shape expectations for a December or early‑2026 rate cut.
- A more dovish Fed could support risk assets, while renewed “higher for longer” messaging may pressure BTC again. ^[28]
ETF flow reversal (or continuation)
- A stabilization—or reversal—of ETF outflows would be a strong signal that institutional investors are regaining confidence.
- Continued heavy redemptions, on the other hand, would reinforce the idea that large holders are still de‑risking. ^[29]
Regulatory and policy headlines
- Deutsche Bank’s analysis explicitly cites stalling regulatory momentum as one factor in the recent rout. Any major shift—positive or negative—in U.S. or global regulation could trigger sharp repricing. ^[30]
On‑chain and derivatives data
- Evidence of long‑term holders re‑accumulating, leverage resetting on derivatives exchanges, or funding rates normalizing could all signal that the market is finding a new equilibrium after November’s shock. ^[31]

What Today’s Bitcoin Price Means for Traders and Investors

For traders:

Today’s move confirms that buyers are willing to defend the low‑$80K region, at least for now.
The $88K–$90K resistance zone remains the key hurdle; repeated failures there could tempt short‑term bears back in. ^[32]

For longer‑term investors:

Bitcoin is still far below its October peak, but also well above levels seen earlier in 2025, reflecting how large the asset’s trading band has become in absolute dollar terms. ^[33]
The ongoing discussion around the “Tinkerbell effect” underlines a core reality of Bitcoin: it is highly sensitive to shifts in belief, narratives and macro liquidity. ^[34]

And for everyone, it’s worth repeating:

This article is for informational purposes only and does not constitute financial advice.
Bitcoin and other cryptocurrencies are highly volatile and speculative; never invest more than you can afford to lose.

Quick FAQ: Bitcoin Price Today, 24 November 2025

What was Bitcoin’s price today, 24 November 2025?
Bitcoin traded mostly between $85,000 and $89,000, with many indices and exchanges showing an end‑of‑day level in the mid‑to‑high $80,000s, and the CoinDesk Bitcoin Price Index closing close to $89,150. ^[35]

How much did Bitcoin move compared with yesterday?
Data from Coinbase Pro and Investing.com suggest a gain of roughly 1.5–2% versus Sunday’s close, extending a rebound of more than 10% from Friday’s lows near $80,000. ^[36]

Why is Bitcoin up today despite negative headlines?
A combination of short‑covering, bargain hunting after a steep drop, and rising expectations of a Fed rate cut helped push prices higher, even as ETF outflows and risk‑off narratives continue to weigh on longer‑term sentiment. ^[37]

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