Bitcoin Rebounds Above $91,000 After Dipping to 7-Month Low
Bitcoin surged over 2% to $91,381 on Wednesday, recovering from a sharp drop below $90,000 earlier in the week—the lowest level since April 2025. The rebound was fueled by renewed buying from long-term holders and easing fears over U.S. Federal Reserve rate cut delays. Despite $3.7 billion in outflows from U.S. spot Bitcoin ETFs since early November, on-chain data shows whale accumulation picking up, with over 5,000 BTC scooped up in 24 hours. Market sentiment remains cautious, with the Fear & Greed Index at a seven-month low of 16, signaling extreme fear. Analysts predict a potential retest of $87,000 if December rate cut odds stay below 33%, but optimistic voices like those from ARK Invest highlight Bitcoin's resilience amid broader risk-off sentiment in equities.
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