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Bitcoin Price Consolidates Near $93,200 as Crypto Market Recovers From November Slowdown

Bitcoin Price Consolidates Near $93,200 as Crypto Market Recovers From November Slowdown

Crypto markets steady as traders assess global cues and position for potential Fed policy shifts.

Written by Rahul Dhingra, Edited by David Delima | Updated: 4 December 2025 12:35 IST

Bitcoin Price Consolidates Near $93,200 as Crypto Market Recovers From November Slowdown

Photo Credit: Unsplash/Michael Förtsch

Crypto prices edge higher as macro signals and market resilience support modest gains

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Highlights

Market steadies as traders track global signals and shifting risk appetit
Institutional interest and ETF optimism continue to support sentiment
Key resistance zones approach as Bitcoin maintains an upward structure

Bitcoin's price hovered around the $93,200 (roughly Rs. 84.1 lakh) mark on Thursday as the global crypto market continued to recover from a sharp decline in November. Analysts say improving sentiment, reduced speculative pressure in Ethereum, and growing buyer confidence, which is supported by softer US economic data and rising expectations of a Federal Reserve rate cut, helped Bitcoin maintain its recent gains. Ethereum (ETH) hovered near $3,100 (roughly Rs. 2.87 lakh). According to the Gadgets 360 tracker, Bitcoin is priced at around Rs. 84.1 lakh in India, while Ethereum trades at nearly Rs. 2.87 lakh.

Altcoins See Modest Gains as Market Confidence Improves

Altcoins posted modest gains alongside Bitcoin's resilience. Solana (SOL) traded at $143.97 (roughly Rs. 12,900), XRP hovered at $2.18 (roughly Rs. 197), and Binance Coin (BNB) stood at $911.62 (roughly Rs. 82,200). Dogecoin (DOGE) traded at $0.15 (roughly Rs. 13.6).

Nischal Shetty, Founder, WazirX, said the market is starting to recover from recent downturns.
“Global crypto markets are slowly shaking off November's gloom with recovery signals showing across Bitcoin, Ethereum and select altcoins. Recent data shows ETH leverage resetting, which removes a layer of speculative pressure [...] Price-wise altcoins may offer meaningful opportunity in the coming weeks, especially if macro sentiment stabilises.”

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Akshat Siddhant, Lead Quant Analyst, Mudrex, said that despite awaiting macro cues, Bitcoin remains in a better position. “Bitcoin remains firm around the $94,000 (roughly Rs. 84.8 lakh) level after a solid 12 percent weekly upswing, keeping the broader uptrend intact. With the FOMC meeting approaching, market participants are looking for fresh cues [...] Attention now shifts to the U.S. jobless claims report, which may provide the momentum needed to extend Bitcoin's advance and further strengthen sentiment.”

The Pi42 Markets Desk said improving investor confidence and institutional activity are supporting the recovery. “The steadiness in price shows that buyers are becoming more confident after last week's volatility. The recovery has been stronger than expected and is being helped by improving sentiment, growing institutional interest, and the possibility of fresh ETF inflows. If Bitcoin continues to trade above this range and global markets stay focused on the Fed's shifting outlook, it could create the conditions for a push toward higher resistance levels.”

Expectations of a more dovish Federal Reserve and potential ETF inflows are also supporting the market's structure.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.

Cryptocurrency Prices across Indian exchanges

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Further reading: Cryptocurrency, crypto news, Bitcoin, Ethereum

Rahul Dhingra

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Rahul Dhingra is a crypto writer at Gadgets 360, where he covers the exciting world of Cryptocurrency, Blockchain, Defi and Web3. Before joining Gadgets 360, he worked as a content specialist for a European-based Crypto Exchange. Rahul loves storytelling, not just through the written word but also through the visual medium. Beyond his professional life, Rahul is a sports fanatic. Whether it’s cricket or football, his passion for the game is contagious. More