Bitcoin Jumps Back Above $89,000 to Recoup Some Recent Losses

Bitcoin climbed above $90,000 for the first time in almost a week, clawing back ground after a more than a month-long selloff, as a broad rally in risk assets and easing volatility gave traders room to push higher.

The advance, though modest, put higher levels back in focus, with digital assets moving in step with equities amid growing conviction that the Federal Reserve may soon resume cutting interest rates. BlackRock’s US Bitcoin ETF attracted fresh inflows, snapping a streak of redemptions. Liquidity remains thin ahead of the Thanksgiving break, but with volatility ebbing — and little evidence of fresh forced selling — bulls appear to be testing whether the worst of the drawdown has passed.