Bitcoin climbed back above $93,000 during Wednesday morning trading in Asia, less than 48 hours after dropping to $84,000. The cryptocurrency has recouped all losses from the recent decline and reached a key resistance level. Market sentiment has turned positive following the rebound.

Approximately 147,000 Bitcoin options contracts with a notional value of $13.4 billion are scheduled to expire on November 28, market data show. The put/call ratio stands at 0.58, reflecting a higher concentration of long contracts compared to short positions. Max pain is positioned around $100,000.

Europe's largest asset manager Amundi has launched a tokenized share of its money market fund, AMUNDI FUNDS CASH EUR, on the Ethereum blockchain. The first transaction was recorded on November 4. CACEIS is providing the tokenization infrastructure and digital platform for subscriptions and redemptions.

Bitcoin's recovery attempt has stalled around $87,500-$88,000 after dropping below $81,000, prompting debate over whether a bottom has formed. Bearish social sentiment, negative MVRV ratios, and six consecutive weeks of whale selling suggest further downside risk. Analysts note a short-term bounce above $90,000 remains possible, though momentum indicators point to continued weakness.

Ether is trading near $2,800, a price zone that has acted as both support and resistance throughout the current market cycle. Analyst Daan Crypto Trades noted on November 24, 2025, that bulls must defend this level to prevent further decline, with potential support at $2,170 if the zone breaks. The asset traded at $2,930 after recovering from a Friday dip below $2,700, remaining approximately 40% below its all-time high.

Bitcoin tested $88,000 twice in recent hours but retreated from that level both times. The cryptocurrency traded near $87,000 after recovering from last week's decline below $82,000. Market expectations for a Federal Reserve rate cut in December have increased, supporting the rebound.