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Bitcoin Price Rises from $86,000 Daily Low to $91,000
The price of Bitcoin (BTC) has climbed above $91,300 in the past 24 hours as $100 billion in capital flowed into the market. These inflows pushed the total market capitalization of the leading cryptocurrency from $1.73 trillion to $1.83 trillion, according to CoinMarketCap.
Bitcoin’s daily low was approximately $86,300, resulting in a $5000 increase. Trading volumes also rose by 21.71% to $72.9 billion, signaling a renewed wave of activity after several weeks of decline.
Bitcoin market capitalization over 24 hours. Source: CoinMarketCap
The rebound comes as Bitcoin attempts to recover losses following a 30-day drop of 19.78%, suggesting the recent downturn was more of a technical correction than a reversal of the broader trend. A combination of macroeconomic factors, on-chain accumulation, and momentum-based trading is driving the upward movement.
Investor optimism about a potential softening of the Federal Reserve’s stance has created a more constructive environment for risk assets. Markets are now pricing in a rate cut at the December FOMC meeting.
On-chain data confirms that major holders used the recent pullback to accumulate additional Bitcoin. Over the past week, crypto whales added around 30,000 BTC worth $2.7 billion, despite weakening price momentum. Historically, whale accumulation during downturns has been a signal of trend stabilization or even reversal.
From a technical perspective, the rally was fueled by oversold conditions, triggering short covering and algorithmic buying after BTC reclaimed key intraday levels. However, the market structure remains fragile.
The critical test will be whether BTC can hold above $91,000. A successful consolidation would attract additional inflows and strengthen the case for a recovery in structural demand following capitulation. Failure to maintain these levels — especially alongside hawkish comments from the Fed — could initiate a bearish move.
See also: "Bitcoin Rises Above $91,000 Amid Expectations of Fed Rate Cut"
