Tech stocks continued to rebound before Thanksgiving, and Bitcoin returned to 90,000 USD.

Driven by the rebound in technology stocks, the main indices of the US stock market have risen for four consecutive days before Thanksgiving. Bitcoin (BTC) surged strongly this morning, surpassing the $90,000 mark. Ether (ETH) also returned to the $3,000 threshold.

The expectation of interest rate cuts has significantly increased, and US stocks have risen for four consecutive days before Thanksgiving.

The S&P 500 index rose 0.69% on Wednesday, regaining the key technical support of the 50-day moving average, marking the fourth consecutive trading day of gains. Nvidia's stock price rebounded from concerns over competition for its artificial intelligence processors.

Retail sales data for September showed weak performance, and the number of initial unemployment claims increased by more than 200,000 last week, indicating a weakening of consumer momentum in the United States.

The dovish remarks from Federal Reserve officials have boosted market expectations for a rate cut in December, improving market sentiment. These expectations have been further strengthened following reports that Kevin Hassett, the director of the White House National Economic Council, is a leading candidate to become the next Federal Reserve chairman, with investors believing that this choice aligns with President Trump's push for lower interest rates.

According to the CME FedWatch Index, traders expect the probability of the Fed cutting rates by 25 basis points on December 10 has risen to 84.9%, well above last week's 30%.

Bitcoin stands above 90,000 USD, Ether returns to 3,000

The overall market capitalization of the cryptocurrency market increased by 3.16%. Bitwise launched a Dogecoin ETF (BWOW) and Grayscale submitted a Zcash ETF application to the U.S. Securities and Exchange Commission, boosting market optimism, especially for meme coins and privacy assets. Meanwhile, Bitcoin ETF recorded an inflow of $129 million on 11/25, reversing the outflow trend of the previous weeks.

Bitcoin (BTC) made a strong attack this morning, breaking through the 90,000 USD mark. Ether has also returned to the 3,000 USD barrier. The Fear and Greed Index has slightly rebounded, but it remains in the extreme fear range at 15. The US stock market delivered a good performance before the Thanksgiving holiday, allowing investors to enjoy family gatherings with peace of mind, but the cryptocurrency market never rests. During this period, trading may amplify volatility due to reduced trading volume, reminding investors to maintain proper risk management.

This article discusses how technology stocks continue to rebound before Thanksgiving, and Bitcoin has returned to 90,000 USD, first appearing in Chain News ABMedia.