Bitcoin Hits $90,000 as S&P 500 Gains 3.7% Amid Rate-Cut Bets

- Bitcoin surged 7% during Thanksgiving week, surpassing $90,000. - S&P 500 posted its best week in six months, gaining 3.7% on AI optimism and rate cut hopes. During Thanksgiving week in 2025, a sharp risk-on rally swept through global markets, fueled by rising expectations of a Federal Reserve rate cut and growing optimism around artificial intelligence (AI) advancements. This broad-based surge lifted stocks, bonds, commodities, and cryptocurrencies. On November 29, 2025, Cryptopolitan reported that Bitcoin climbed over 7% during the week, exceeding the $90,000 mark and defying recent market turbulence. Meanwhile, the S&P 500 jumped 3.7% for its strongest weekly performance in six months, catalyzed by Alphabet's release of a groundbreaking AI model that bolstered investor confidence in technology-driven growth. At the same time, U.S. Treasury yields fell, with the two-year yield dropping to 3.5% as markets priced in a potential interest rate ease by the Federal Reserve. The rally showcased the market's resilience. A high-profile trading outage at the Chicago Mercantile Exchange (CME) briefly disrupted futures and options trading due to a cooling system failure, but despite this hiccup, upward momentum persisted. Robust liquidity underpinned the trend, favoring risk assets and challenging defensive strategies. Notably, a Goldman Sachs index that tracks the most shorted stocks rose 28% year-to-date, reflecting the risk-seeking mood across markets. According to CoinMarketCap, as of 16:08 UTC on November 29, Bitcoin (BTC) was trading at $91,060.45, marking a 1.1% decline over the past 24 hours. During the same period, Bitcoin's daily trading volume fell by 17.25% to $45.32 billion.