Bitcoin price BTC USD today: On Thanksgiving this year, which is being celebrated today, November 27, long-term Bitcoin investors have reason to be grateful, as the cryptocurrency has gained 450% over the past three years despite a relatively uneven 2025, as per a report by Protos, which has analysed the data.

How Bitcoin Price Performed During Past Thanksgiving Weekends

For those interested in historical trends, looking at Bitcoin’s performance over past Thanksgiving weekends can provide some perspective. Protos analyzed BTC’s price action from the Wednesday close before Thanksgiving through the following Monday open, covering the asset’s entire history.

Historical BTC Price Swings: From Double-Digit Gains to Big Losses

The results show a mixed picture. Returns over the 15 prior Thanksgiving weekends ranged from a 16% rally in 2011 and 2015 to a 27% drop in 2010, as per the Protos report.

Early in its history, Bitcoin was far more volatile, trading on smaller exchanges such as New Liberty Standard, BitcoinMarket, TradeHill, VirWoX, BTC-e, and MtGox, where double-digit gains or losses in a single day were common, as per the Protos report. As Bitcoin grew in size and liquidity, volatility gradually decreased.

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Looking at the numbers, Thanksgiving weekends have been roughly evenly split between gains and losses. Across all 15 prior holidays, BTC rallied eight times and fell seven times. Focusing on the past decade, there is an exact 50/50 split, with five rallies and five declines. Overall, the mean and median returns over these weekends are very close to zero, showing no clear trend.

BTC USD Thanksgiving Weekend Returns (2009–2024)

Here are Bitcoin’s returns over the last 15 Thanksgiving weekends, as analysed by Protos:

• 2024: +1.3%
• 2023: +0.1%
• 2022: -1.1%
• 2021: +0.2%
• 2020: -2.8%
• 2019: -1.5%
• 2018: -13.3%
• 2017: +13%
• 2016: -1.7%
• 2015: +16%
• 2014: +2%
• 2013: -5%
• 2012: +1.3%
• 2011: +15.6%
• 2010: -26.5%
• 2009: -10%

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BTC USD Price Breaks Key Resistance Above $90,000

Meanwhile, BTC bulls have returned as the cryptocurrency breaks through key resistance at $90,000 and is now trading above $91,000, reaching an intraday high near $92,000, the CoinDCX Research Team told The Economic Times in an emailed statement.

Top Cryptocurrency Gainers and Losers Today: Ethereum, XRP, Solana, and Dogecoin Gain Momentum

Other major cryptocurrencies are also showing gains, with Ethereum climbing above $3,000, XRP surpassing $2.20, Solana trading above $140, and Dogecoin moving past $0.15, while, BNB has not yet to reach the $900 mark, as per CoinDCX.

The CoinDCX Research Team told The Economic Times that among smaller tokens, Merlin Chain (MERL) led the day’s gains with a surge of more than 126%, followed by Kaspa with 18.47%, SPX6900 with 14.23%, and Dash with 11.14%. On the downside, Story fell nearly 11%, World Liberty Financial dropped 6.32%, and Aster and MYX Finance lost 5.92% and 4.90%, respectively.

Institutional Moves: Nasdaq, BlackRock Bitcoin ETF, Grayscale Zcash Trust

In institutional developments, Nasdaq filed with the SEC to raise options limits on BlackRock’s IBT Bitcoin ETF to 1,000,000 contracts, the maximum allowed, CoinDCX told The Economic Times. Grayscale also submitted an initial registration for its Zcash trust, potentially paving the way for a ZEC ETF. Meanwhile, USDT issuer Tether has become the largest independent holder of gold in the world.

Market Outlook for Crypto Traders

However, CoinDCX Research Team warned that, "Despite the recent bullish push, the traders do not appear to be convinced, as the crypto long/short ratio remains heavily skewed toward short, at around 51.79%, raising the possibility of a deeper correction."

FAQs

What was Bitcoin’s biggest Thanksgiving gain?
BTC surged 16% during Thanksgiving weekends in both 2011 and 2015.

What is the current Bitcoin price trend?
BTC recently broke the $90,000 resistance and is trading above $91,000, with an intraday high near $92,000.