Bitcoin Jumps Back Above $90,000 After Bruising Selloff

BloombergTuesday, December 2, 2025 at 1:11:02 PM
Bitcoin Jumps Back Above $90,000 After Bruising Selloff
  • Bitcoin surged back above $90,000 on Tuesday, recovering from a significant selloff that had erased nearly $1 billion in leveraged bets, catching Wall Street off guard. This rebound provided a temporary relief amid a prolonged downturn in the cryptocurrency market, although traders remain cautious due to ongoing market stress.
  • The recovery of Bitcoin's value is crucial as it reflects a potential shift in trader sentiment and could restore some confidence in the cryptocurrency market, which has faced severe volatility and losses in recent months.
  • This rebound occurs against a backdrop of fluctuating market conditions, where broader risk assets are also showing signs of recovery. Analysts are observing a cautious optimism in various markets, including predictions of rebounds in other sectors, indicating a complex interplay of investor sentiment and market dynamics.
— via World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended apps based on your readingExplore all apps
Continue Readings
Silver Steady Near Record High on Rate-Cut Bets and Tight Supply
PositiveFinancial Markets
Silver prices have stabilized near record highs after a significant rally of approximately 17% over the past week, driven by traders betting on lower interest rates and ongoing supply constraints in the market. Gold prices remained relatively flat during this period.
McKinsey's Malhotra on Ensuring Successful CEO Turnovers
NeutralFinancial Markets
Vikram Malhotra, a senior partner at McKinsey, discussed the increasing rate of CEO turnover during an appearance on Bloomberg's 'The Close,' emphasizing the need for companies to proactively plan for leadership transitions. He highlighted the impact of artificial intelligence and performance pressures on these changes.
Never Seen Affordability Crisis Like This: Fmr. HUD Sec.
NegativeFinancial Markets
Shaun Donovan, CEO of Enterprise Community Partners and former HUD Secretary, stated that the affordability crisis in the U.S. has reached unprecedented levels, marking it as the nation's top economic issue. He made these remarks during an interview with Katie Greifeld and Romaine Bostick on Bloomberg's 'The Close.'
Check Point to Raise $1.5 Billion From Zero-Coupon Convertible
PositiveFinancial Markets
Check Point Software Technologies Ltd. is set to raise $1.5 billion through the issuance of a five-year zero-coupon convertible bond, with a portion of the proceeds earmarked for share buybacks.
Harvard’s Big Wager on Bitcoin Came Right Before the Bust
NegativeFinancial Markets
Harvard University reported nearly half a billion dollars in cryptocurrency holdings just before a significant downturn in the market, particularly affecting Bitcoin, which has seen a loss of approximately 25% in November 2025. This downturn marks the worst monthly performance for Bitcoin since the 2022 collapse, raising concerns about the stability of crypto investments.
UltraGreen.ai Set for Singapore Trading Debut After $400m IPO
PositiveFinancial Markets
UltraGreen.ai is set to begin trading on Wednesday morning in Singapore, marking the largest initial public offering in the city-state since 2017, excluding real estate investment trusts. The IPO raised $400 million, highlighting the company's significant entry into the market.
Medline to begin marketing for $5 billion IPO as soon as Monday - Bloomberg
NeutralFinancial Markets
Medline Inc. is set to begin marketing its initial public offering (IPO) valued at $5 billion as early as Monday, positioning itself for a significant entry into the public market. This IPO is anticipated to be one of the largest listings in the United States for the year, reflecting the company's growth ambitions.
Asian Stocks Eye Cautious Gains as Crypto Rebounds: Markets Wrap
PositiveFinancial Markets
Asian stocks are poised for a positive opening as investors react to modest gains on Wall Street and a rebound in cryptocurrencies, indicating a potential return of risk appetite in the markets. This follows a period of volatility where investor confidence was tested by concerns over a tech bubble and inflation uncertainties.