Bitcoin Jumps Back Above US$91,000 

Bitcoin has roared back to life this week, surging above US$91,000 on Tuesday as major Wall Street institutions continue opening the doors to digital asset exposure for their clients. After a soft weekend, BTC’s rebound has been sharp and decisive, with fresh institutional flows driving renewed market strength.

At the time of writing, Bitcoin is trading around US$91,089, up 8% in the past 24 hours, with trading volumes exceeding US$78 billion, one of the strongest sessions seen in recent weeks. The move lifts BTC back above its recent 7-day high and extends a meaningful recovery from last week’s dip to US$83,989.

The latest catalyst comes from a significant shift among U.S. financial giants.

Bank of America has announced its most substantial move into digital assets to date, enabling its 15,000 wealth advisers to recommend a 1%–4% Bitcoin allocation to clients. Beginning January 5, the bank’s chief investment office will initiate research coverage on four major Bitcoin ETFs (Fidelity, Bitwise, Grayscale, and BlackRock) officially bringing one of the largest U.S. financial institutions into the mainstream Bitcoin ETF landscape.

Until now, advisers were restricted from even raising the topic unless clients initiated the conversation. That restriction has been removed entirely.

The bank’s CIO, Chris Hyzy, emphasised a “measured” approach, framing Bitcoin as part of a broader innovation-thematic allocation through regulated, liquid ETF structures.

This follows similar moves by Morgan Stanley, which recommended a 2%–4% allocation in October, and BlackRock, which has repeatedly highlighted the long-term diversification benefits of even a small BTC position.

Perhaps most notably, Vanguard, historically one of the strongest critics of Bitcoin’s investment merit, has reversed its position. The asset-management giant will now permit crypto-linked ETFs and mutual funds on its platform, opening access to more than 50 million brokerage clients.

This is a significant psychological shift: one of the last major holdouts is now engaging with the sector, further validating digital assets within traditional wealth management frameworks.

On the technical front, November closed with a bearish monthly candle and a MACD cross to the downside, a pattern that has historically signalled a period of softer momentum.

Key levels to watch:

Resistance

• US$91,400 – immediate hurdle
• US$93,000–$94,000 – layered resistance area
• US$98,000–$103,000 – major market ceiling

The upcoming Federal Reserve meeting on 9–10 December remains the biggest macro event in focus. Markets are pricing in an 80%+ probability of a 25 bps rate cut, a move that historically supports risk assets such as Bitcoin.

A rate pause, however, could inject short-term volatility and pressure prices across the digital-asset market.

For now, Bitcoin’s rebound appears well-supported by strengthening institutional interest.