Bitcoin surged to $93,000 on Nov. 28, 2025, on Fed rate cut hopes, sparking broader crypto and commodity gains.

Bitcoin climbed to $93,000 on November 28, 2025, rebounding from a low near $80,000, fueled by rising expectations of a Federal Reserve rate cut, with the broader crypto market gaining modestly. Major altcoins and crypto-related stocks rose, while silver hit a record $55 per ounce and gold surpassed $4,200. A $1.7 billion options bet using a call condor strategy signaled bullish sentiment focused on Bitcoin reaching $106,000–$112,000 by year-end, though spot ETFs saw outflows. Meanwhile, a Nevada judge ruled state regulators, not federal agencies, oversee prediction markets like Kalshi’s, challenging federal preemption and raising regulatory uncertainty for the industry.