On November 25, 2024, Bitcoin has rebounded to $98,230, recovering from a drop below $96,000 over the weekend. Traders took profits following a surge toward $100,000, resulting in declines for XRP and DOGE, which lost over 5%, while ETH, SOL, and ADA saw decreases ranging from 2% to 5%. However, most cryptocurrencies have shown slight recovery with the CoinDesk 20 Index increasing by 1.7%, bolstered by smaller altcoins such as AVAX and LINK. Despite volatile trading, analysts like Jeff Mei from BTSE indicate that institutional demand remains robust, especially driven by ETF purchases. Cryptocurrencies are likely to benefit from favorable conditions in stock markets, potential regulations from the U.S. government, and discussions on pro-crypto policies involving the Trump transition team. The overall sentiment suggests a continued bullish trend in 2025. Additionally, the net buying volume for Bitcoin has turned negative, indicating profit-taking, which could partially explain its struggles near the $100,000 mark.

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