The overall crypto market registered a minor rally over the last day after the FOMC indicated that a further interest rate cut seems unlikely for now. Bitcoin has reclaimed the price mark of $92,000 after having dropped to the $82,900 level earlier this week. Bitcoin, on Thursday, November 20, registered a price hike of 2.50 percent to trade at $92,540 at the time of writing. Its seven-day loss margin has reduced from 12 percent to 10 percent in the last 24 hours.
It is fascinating to market analysts how Bitcoin’s price trajectory reflects, both bullish potential and downside risks at the same time.
“On the one hand, strong institutional demand via ETFs and macro liquidity from the Fed provide upward momentum, supporting a price range of $92,000 to $125,000. On the flip side, high leverage and any tightening of liquidity or regulatory risks could trigger corrections, with a short-term low around $78,000 to $84,000,” Sathvik Vishwanath, co-founder and CEO, Unocoin told CoinHeadlines. “Overall, the market seems poised for consolidation, but long-term models predict higher peaks—up to $175,000 by end-2025 if conditions remain favorable.”
Ether saw a smaller gain compared to BTC. At the time of writing, the asset was trading at $3,032 having reaped-in profit of under one percent. Its previous day price was $3,025 – indicating that the asset has not logged any notable change in the last 24 hours.
“Ethereum, currently struggling to reclaim $3,100, faces resistance at $3,200, while support holds at $2,940–$2,880. With whale accumulation rising and derivatives markets showing resilience, the setup suggests that while the short term may stay choppy, the medium-term outlook remains constructive, especially if inflation cools further and liquidity conditions ease heading into 2026,” Riya Sehgal, Research Analyst at Delta Exchange told CoinHeadlines.
Most altcoins registered gains in the last 24 hours. Solana, USDC, Tron, Dogecoin, Cardano, and Chainlink roped-in gains within the range of two percent to seven percent. Zcash has relaunched into a rally having logged over 16 percent profits in the last 24 hours. Its presently trading at $687.
The overall crypto market cap rose by 1.80 percent owing to the slight profit streak. The valuation of the sector has come to $3.15 trillion . The score of 15 on the Fear and Greed Index reflects a sentiment of fear among investors.
“The odds of an interest rate cut at the December FOMC meeting falling to 33 percent has influenced the market sentiment. For now, $93,000 remains as an immediate resistance for BTC with a strong support near $89,000. Meanwhile, XRP will stay in focus with Bitwise launching XRP Spot ETF,” said Edul Patel, CEO of Mudrex.
Meanwhile, BNB along with Leo, Litecoin, Hedera, Sui, and Aster registered minor losses ranging from under one percent to two percent.