Crypto Market Surge Analysis: Bitcoin, Ethereum, XRP Gains Amid Thanksgiving Holiday (Nov 27, 2025)

On November 27, 2025 (Thanksgiving, U.S. stock market closed), major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and XRP surged significantly [1]. BTC broke above $91,000 (+5.76% 24h), ETH crossed $3,000 (+4.48% 24h), and XRP rose to $2.21 (+1.68% 24h) [2][3]. The broader crypto market increased by 3.7% [2], driven by Federal Reserve (Fed) rate cut signals, strong inflows into newly launched XRP ETFs, institutional stablecoin deposits, and a SpaceX Bitcoin transfer (for custody, not sale) [2][4][5].

• The crypto market recovered sharply from recent lows, with BTC rebounding 12% from last Friday’s $80,600 drop [6].
• Coinbase (COIN) benefited from institutional confidence: Ark Invest purchased $16.5M of its stock, the largest since August [7].
• MicroStrategy (MSTR) faced headwinds (removed from S&P 500 on November 25) but maintained a strong buffer: its Bitcoin holdings are worth ~6x its outstanding debt [8].

• Fed rate cut expectations (85% chance of December cut [9]) could support further gains, as lower rates reduce the opportunity cost of holding non-yielding assets like BTC [10].
• XRP ETF inflows (Grayscale and Franklin Templeton pulled in ~$130M on launch [5]) signal growing institutional adoption of altcoins.

While some indicators still show “extreme fear” [5], stablecoin inflows (Coinbase received $1.55B USDC [11]) and price surges suggest cautious optimism among investors.

• Cryptocurrencies
  : BTC, ETH, XRP, SOL ($142.46, +3.13% [3]), BNB ($896.25, +4.37% [3]).
• Stocks
  : Coinbase (COIN) – institutional buying; MicroStrategy (MSTR) – BTC-linked value.
• Sectors
  : Centralized Exchanges (CeFi), Decentralized Finance (DeFi), Layer-2 protocols (Merlin Chain up 130% [2]).

• SpaceX’s long-term Bitcoin strategy (more transfers planned?).
• Regulatory stance on XRP ETFs post-21Shares launch (November 29 [14]).
• Impact of MSTR’s S&P500 removal on institutional holdings.

The Fed is divided: dovish officials (Williams, Waller) support a December cut, while regional presidents advocate pausing until inflation hits 2% [9]. This uncertainty could lead to volatility.

• Crypto Volatility
  : BTC is 31% below its all-time high ($126,210 [6]) and has 5.5% daily volatility [11].
• MSTR Stock Pressure
  : S&P500 removal may trigger forced selling by index funds [8].
• Regulatory Uncertainty
  : MSCI is reviewing crypto-heavy companies’ inclusion in equity indices [8].

• Fed’s December rate decision.
• XRP ETF inflows after 21Shares’ launch (November29).
• Stablecoin flow trends into exchanges.

Users should be aware that crypto assets are highly volatile and subject to sudden price swings. For example, BTC dropped 12% in a week before this surge [6]. Additionally, MSTR’s removal from the S&P500 may lead to further stock price pressure [8], and regulatory changes could impact ETF inflows [14].

[1] Barron’s. “Bitcoin Surges Above $90,000 Without Stock Market’s Help. Why That’s Big for Cryptos.” URL: https://www.barrons.com/articles/bitcoin-price-xrp-ethereum-thanksgiving-88abf9ff.
[2] CryptoNews. “Why Is Crypto Up Today? – November27,2025.” URL: https://cryptonews.com/news/why-is-crypto-up-today-november-27-2025/.
[3] Crypto.news. “Crypto prices today (Nov.27): BTC, ETH, XRP, BNB post gains.” URL: https://crypto.news/crypto-prices-today-november-27-btc-eth-xrp-bnb-2025/.
[4] DL News. “Bitcoin to $100,000? These flashing market signals drive price bullishness.” URL: https://www.dlnews.com/articles/markets/bitcoin-price-is-seen-to-hit-100000-as-bullish-market-signals-flash/.
[5] CryptoDnes.bg. “XRP ETF Stampede In the Midst of Extreme Fear.” URL: https://cryptodnes.bg/en/live-xrp-etf-stampede-bullish-flows-clash-with-cryptos-extreme-fear-mode/.
[6] Finance Magnates. “Tom Lee Cuts $250K Bitcoin Price Prediction on Thanksgiving.” URL: https://www.financemagnates.com/trending/tom-lee-cuts-250k-bitcoin-price-prediction-on-thanksgiving-but-cathie-wood-stays-btc-bull/.
[7] Coindesk. “Ark Invest Buys $16.5M of Coinbase Stock.” URL: https://www.coindesk.com/markets/2025/11/27/ark-invest-buys-usd16-5m-of-coinbase-stock-largest-purchase-since-aug-1.
[8] Blockonomi. “Strategy Reassures Investors as Bitcoin Holdings Outweigh Falling Stock.” URL: https://blockonomi.com/strategy-reassures-investors-as-bitcoin-holdings-outweigh-falling-stock/.
[9] Reuters. “Divided Fed sparks surge in rate options hedging.” URL: https://www.reuters.com/business/finance/divided-fed-sparks-surge-rate-options-hedging-policy-uncertainty-lingers-2025-11-26/.
[10] CNBC. “Gold steadies at near two-week high as investors weigh Fed rate-cut bets.” URL: https://www.cnbc.com/2025/11/27/gold-steadies-at-near-two-week-high-as-investors-weigh-fed-rate-cut-bets.html.
[11] Coinspeaker. “1.55B USDC Floods Coinbase as Bitcoin Hits $91K.” URL: https://www.coinspeaker.com/1-55b-usdc-floods-coinbase-as-bitcoin-hits-91k/.
[12] XT.com. “SpaceX Moves 1163 BTC worth $105M to New Wallet.” URL: https://www.xt.com/en/blog/post/spacex-moves-1163-btc-worth-105m-to-new-wallet-analysts-believe-custody-over-liquidation.
[13] Crypto.news. “SpaceX moves 1,163 Bitcoin to Coinbase Prime-linked wallet.” URL: https://crypto.news/spacex-moves-1163-bitcoin-to-coinbase-prime-linked-wallet/.
[14] Coinpaper. “21Shares XRP Spot ETF Approved, Launching November29.” URL: https://coinpaper.com/12693/21-shares-xrp-etf-set-to-make-waves-on-november-29-joining-heavyweights-like-franklin-templeton-and-grayscale.

This analysis is for informational purposes only and does not constitute investment advice. Always conduct your own research before making financial decisions.