{"id":5640,"date":"2025-12-02T16:16:12","date_gmt":"2025-12-02T16:16:12","guid":{"rendered":"https:\/\/digkrypton.com\/index.php\/2025\/12\/02\/bitcoin-price-roars-above-91000-as-wall-street-ramps-up-its-bitcoin-buying-plans\/"},"modified":"2025-12-02T16:16:12","modified_gmt":"2025-12-02T16:16:12","slug":"bitcoin-price-roars-above-91000-as-wall-street-ramps-up-its-bitcoin-buying-plans","status":"publish","type":"post","link":"https:\/\/digkrypton.com\/index.php\/2025\/12\/02\/bitcoin-price-roars-above-91000-as-wall-street-ramps-up-its-bitcoin-buying-plans\/","title":{"rendered":"Bitcoin Price Roars Above $91,000 as Wall Street Ramps Up Its Bitcoin Buying Plans"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Bitcoin Price Roars Above $91,000 as Wall Street Ramps Up Its Bitcoin Buying Plans<\/a><\/p>\n

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Bitcoin price ripped back above $91,000 on Tuesday, extending a powerful rebound as Wall Street institutions deepen their push into digital assets.<\/p>\n

The bitcoin price traded at $91,089 at press time, up 8% over the past 24 hours. Trading volume surged to $78 billion, marking one of the strongest sessions of the past month.<\/p>\n

Bitcoin price is now sitting just above its 7-day high of $89,966 and remains 7% above last week\u2019s low of $83,989. The asset\u2019s market cap stands at $1.79 trillion, rising 5% in a day as fresh institutional flows hit the market.<\/p>\n

Momentum flipped sharply in the early morning session. BTC blasted<\/a> through the $90,000 level after holding key weekend support zones.\u00a0<\/p>\n

The rebound comes at a moment when major banks and brokerages \u2014 long hesitant \u2014 are finally opening the gates to regulated Bitcoin exposure.\u00a0<\/p>\n

Banks and Wall Street affecting Bitcoin price<\/h2>\n

Bank of America is making its most aggressive move into digital assets yet. The bank will now allow<\/a> its 15,000 wealth advisers to recommend a 1%\u20134% crypto allocation, a dramatic shift that brings one of the country\u2019s largest institutions fully into the Bitcoin ETF era.<\/p>\n

The change takes effect January 5, when the bank\u2019s chief investment office begins formal research coverage of four leading Bitcoin ETFs:Bitwise BITB, Fidelity FBTC, Grayscale Bitcoin Mini Trust and BlackRock IBIT<\/p>\n

Until now, advisers were barred from discussing Bitcoin unless the client initiated the conversation. That firewall is now gone.<\/p>\n

Chris Hyzy, CIO for Bank of America Private Bank, said the bank is taking a \u201cmeasured\u201d approach, framing crypto as a thematic innovation play suitable only through regulated products. Conservative investors are expected to lean toward the 1% range, while higher-risk clients may approach 4%.<\/p>\n

Bank of America\u2019s move aligns it with peers that have already shifted. Morgan Stanley recommended<\/a> a 2%\u20134% Bitcoin allocation in October. BlackRock has also argued that 1%\u20132% in BTC improves long-term portfolio efficiency.<\/p>\n

Meanwhile, another big bank holdout just flipped. Vanguard, the second-largest asset manager in the world, will start<\/a> allowing Bitcoin and crypto-linked ETFs and mutual funds on its platform starting today. More than 50 million brokerage clients will now gain access to crypto exposure for the first time.<\/p>\n

The move is a major reversal for Vanguard, which for years called Bitcoin too speculative for long-term portfolios.\u00a0<\/p>\n

Bitcoin price analysis: Bulls fight back as analysts eye $75,000<\/h2>\n

The price action<\/a> turns sharply higher today, but the broader picture remains tense<\/a>. Bitcoin price has been in a two-month downtrend since peaking<\/a> above $126,000 in October. The asset fell nearly 30% before finding support between $83,800 and $84,000, a zone traders defended repeatedly over the past week.<\/p>\n

Last month\u2019s close was bearish. November produced a large red monthly candle, erasing gains from April through June and confirming a bearish MACD cross<\/a> on the monthly chart \u2014 a high-time-frame signal that historically precedes weak momentum for several months.<\/p>\n

Key levels are now becoming clearer on the chart. Bitcoin price faces immediate resistance at $91,400, followed by $93,000 and $94,000. There is also heavy resistance between $98,000 and $103,000, which remains a major ceiling for the market.<\/p>\n

Bulls managed to push the price above $90,000 today, but they still face strong overhead pressure throughout the $91,400\u2013$94,000 zone.<\/p>\n

On the downside, support sits first at $87,000, which aligns with the 0.146 Fibonacci level, followed by $84,000. Below that, deeper supports appear at $75,000 and the broader $69,000\u2013$72,000 range. The next major support beyond that sits near $57,700.<\/p>\n

If BTC loses $84,000 again with momentum, analysts from Bitcoin Magazine warn the path to $75,000 opens quickly.<\/p>\n

The Federal Reserve\u2019s December 9\u201310 meeting looms large<\/a>. Markets are pricing an 80%+ chance of a 25 bps rate cut \u2014 a move that historically supports risk assets. A pause, however, could trigger another wave of selling.<\/p>\n

At the time of writing, the bitcoin price trades at $91,039.<\/p>\n

This post Bitcoin Price Roars Above $91,000 as Wall Street Ramps Up Its Bitcoin Buying Plans<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Bitcoin Price Roars Above $91,000 as Wall Street Ramps Up Its Bitcoin Buying Plans Bitcoin price ripped back above $91,000 on Tuesday, extending a powerful rebound as Wall Street institutions deepen their push into digital assets. The bitcoin price traded at $91,089 at press time, up 8% over the past 24 hours. Trading […]<\/p>\n","protected":false},"author":0,"featured_media":5641,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-5640","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/5640","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=5640"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/5640\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/5641"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=5640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=5640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=5640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}