Bitcoin is extending its post-Thanksgiving recovery as rising expectations of a Federal Reserve rate cut in early December fuel renewed appetite across digital assets and related equities. The asset briefly touched the 93,000 dollar level in early United States trading before settling near 92,500, marking a steady reversal from last week’s sharp decline to 80,000. The shift reflects an almost complete turnaround in rate cut probabilities, with expectations jumping from roughly 30 percent earlier this month to nearly 90 percent. The rapid change in rate outlook has boosted liquidity sentiment across risk assets and reenergized flows into crypto markets after weeks of elevated volatility. Derivatives positioning has also firmed as traders recalibrate around easing financial conditions, reinforcing the broader recovery tone that has begun to consolidate heading into the final weeks of the year.
Equities tied to digital asset infrastructure are pacing the rally, with leading mining firms showing double digit percentage gains. CleanSpark has advanced more than 12 percent, Bitfarms is up 11 percent, and Riot Platforms has added 9 percent as investors rotate into operational plays that benefit from a rebound in bitcoin pricing and improved energy market conditions. Bitcoin treasury firms, which have endured pressure during recent drawdowns, are also stabilizing, with KindlyMD bouncing 12 percent and Strategy gaining close to 4 percent. The uptick highlights how closely mining and treasury companies remain tethered to macro expectations, as cheaper financing conditions often strengthen operational margins and ease balance sheet constraints for firms heavily exposed to token valuations. Traditional markets have seen similar upward movement, with the Nasdaq and S&P 500 posting modest gains as investors reassess the near term effects of potential Fed policy shifts on risk exposure.
The broader macro environment is contributing to the momentum, with precious metals rising sharply alongside digital assets. Silver has reached a record high near 55 dollars per ounce, pushing its market capitalization above 3.1 trillion dollars and positioning it among the world’s most valuable assets. Gold has climbed beyond 4,200 dollars per ounce, adding to the inflow narrative as hedging instruments gain traction during increased rate speculation. While bitcoin’s price recovery remains vulnerable to rapid sentiment swings, the alignment of crypto markets, mining sectors and macro hedging assets indicates a coordinated response to expectations of looser monetary conditions. Analysts note that a December rate cut could further strengthen liquidity channels into digital markets, particularly if declining yield pressures encourage renewed institutional allocation as year end positioning unfolds. For now, the focus remains on whether bitcoin can maintain its recovery trajectory and whether miners can sustain current momentum as the market digests evolving macro signals.
