Crypto Shares Rally on Friday With CleanSpark, Bitfarms up over 12%; DeFi Tech, GameSquare up Around 9%. What History Says Happens Next

TigerNov 29, 2025 1:39 AM

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Crypto shares surged on Friday. CEA Industries up over 20%; CleanSpark, Bitfarms up over 12%; Circle up 10%; Canaan, DeFi Tech, GameSquare up around 9%.

Bitcoin climbed back above $90,000 late Wednesday and hit as high as $91,879 over Thanksgiving, according to CoinDesk data. However, the rebound was fizzling out slightly as Bitcoin fell to $91,500 early Friday, up around 0.6% over the past 24 hours and Ethereum were both around 1% higher over the past 24 hours, while Solana was flat.

Bitcoin is down 16.5% in November, on pace for its worth month since February when it declined 17.2%. It remains 28% off its record high of $126,272.76 reached in early October.

On the bright side, December has historically been a strong month for the cryptocurrency—with an average gain of 9.2% according to Dow Jones Market Data going back to 2014. It’s the fifth best month in terms of average performance.

However, a monthly drop like the one suffered in November tends to take a bit longer to recover from. Bitcoin has fallen 15% or more in 20 months dating back to 2014—and has only risen an average of 0.8% in the month after, according to Dow Jones Market Data.

Though, after three months Bitcoin is up an average 4.4% and after six months it’s just short of 8% up.

But crypto investors will be hoping the rebound comes a bit sooner this time around. And with Bitcoin a long way off its record high and the prospect of a Federal Reserve rate cut next month—which tends to support cryptos—those hopes may be realized.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

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