.png){kind=logo}
Bitcoin rebounded to $65,408 after briefly dropping near $63,000, supported by dip-buying activity and short covering.
Solana emerged as the top performer among major coins with a 6.76% gain, while Ethereum rose 4.15% and XRP climbed 2.89%.
Market sentiment improved on the news of Jane Street lawsuit and Donald Trump’s address, alongside Mastercard’s hiring push focused on stablecoin.
The market finally caught a breather on Wednesday, February 25. It flipped the script after a brutal 24 hours that saw Bitcoin slide to the $63,000 price level as most top coins followed suit and went on a downward trend. Crypto prices today, however, show signs of recovery as Bitcoin reclaims the $65,000 mark at press time. All the world’s top ten coins trade in the green zone.
The bounce back to a $2.26 trillion total market cap shows there is still plenty of dip-buying appetite left. This jump is a sign that the heavy selling pressure we have been seeing this week is hitting a wall. Traders are moving back into positions, shifting the momentum away from the bears who were in total control just yesterday afternoon.
Here is the latest crypto news and market data based on CoinMarketCap that you need to know.
Bitcoin (BTC) price is up 3.35% in the last 24 hours to $65,408. In early trading hours, Bitcoin was pushing even higher, briefly touching $66,300. The coin has a market cap of $1.3 trillion and $40.5 billion in trading volume.
CoinSwitch Markets Desk noted, “BTC saw sharp intraday swings, falling from around $64,800 to nearly $62,800 before buyers stepped in near the $63,000 level. The rebound pushed prices back above $64,000, though gains slowed around $64,500, where selling pressure emerged. While some long-term holders appear to be trimming positions, short-term holders are sitting on losses and are less willing to sell. Meanwhile, smaller investors continue accumulating, adding roughly 31,000 BTC recently. This steady buying at lower levels could help limit deeper declines, with support near $63,000 and resistance around $64,500 shaping the short-term outlook.”
Despite the surge, most experts are cautious. Nischal Shetty, Founder of WazirX, commented, “Bitcoin has briefly revived after a sharp correction, but at $66,000 levels, it’s not been able to shake off the oversold sentiment. It has struggled to reach 70,000 in the last two weeks. It’s well known now that it’s been driven largely by macro uncertainty, rising trade tensions, and stronger dollar pressure. But the downward price movement can be connected to previous cycle corrections where capital rotation due to risk-off sentiment caused heavy price swings.”
Here is how the world’s top ten coins by market cap performed today.
Biggest Gainers: Solana, Bitcoin, Ethereum, XRP, Bitcoin Cash
Global cues are impacting crypto prices today. Avinash Shekhar, Co-founder and CEO, Pi42, talked about the same. Shekhar commented, “The recent strength in Bitcoin, Ethereum, and the broader crypto market appears to be driven by short covering and renewed inflows into digital assets. Developments such as Trump’s address to Congress and the Jane Street lawsuit have helped improve sentiment. The persistence of extreme fear sentiment alongside this rebound suggests that the current phase is more about technical repositioning than outright capitulation.”
Let’s explore these top headlines in detail.
A lawsuit was filed against trading firm Jane Street, which is linked to allegations around the 2022 Terra-Luna collapse. It claims that the company used inside information during the UST crisis to profit while the ecosystem fell apart. These are still allegations, and nothing has been proven. However, the timing has caught the attention of traders everywhere.
For weeks, traders had been complaining about a pattern they called the ‘10 AM dump’. This is when Bitcoin would see a sharp sell-off around 10 AM during US market hours. Today, that pattern did not show up. Instead, Bitcoin and Ethereum moved higher during that same window.
Some in the market are also pointing to what they see as a strange pattern around the number 10. Luna collapsed on May 10, the daily dump was happening at 10 AM, and a major $19 billion liquidation event hit in October 2025. While these are mostly coincidences with zero evidence, the fact that crypto prices rose rather than fell today has given traders fresh confidence.
If large players who were repeatedly selling at 10 AM have now pulled back, for whatever reason, that removes a source of regular downward pressure on crypto prices. That alone could open the door for short-term recovery.
Crypto prices today also got a boost from broader market optimism after US President Donald Trump's State of the Union address to Congress on the night of February 24.
Earlier this week, crypto had taken a hit after Trump invoked emergency powers to push through a 15% global tariff after a Supreme Court ruling blocked his earlier approach. That policy uncertainty had pushed Bitcoin and other tokens lower. Today's bounce looks partly like a recovery from that shock, with short covering and fresh speculative bets ahead of Trump's address helping lift prices.
As one analyst put it, Bitcoin is likely moving up because of a mix of short covering and traders taking positions ahead of the speech. For the wider crypto market, this shows just how tied digital assets have become to macro headlines, especially anything out of Washington.
In a move that carries real weight for the long-term direction of crypto, Mastercard has posted a job listing for a Director of Crypto Flows. The role is focused on stablecoin-linked card payments, DeFi payment flows, and updating network rules for Web3 transactions.
This is important because stablecoins are no longer a fringe experiment. In 2024, stablecoins moved $18.4 trillion in value. This was more than both Visa's $15.7 trillion and Mastercard's $9.8 trillion in payment volumes. That number includes trading activity and is not a direct like-for-like comparison. However, it shows the scale at which stablecoin rails are operating.
The timing of Mastercard's hiring push also aligns with a widely shared research report from Citrini Research. It warned that AI-powered agents could eventually route around card networks entirely by using stablecoins for near-zero-cost transactions. Hence, cutting out the 2-3% interchange fees that card networks rely on.
For crypto prices, Mastercard's move is a bullish signal. It shows that major financial institutions are treating stablecoin infrastructure as a core business priority rather than a side project. It could drive more capital and adoption into the market over time.
Nischal Shetty, Founder of WazirX, stated, “On the industry front, stablecoins decoupling from crypto cycles and Meta’s renewed interest in stable coin integrations are creating buzz. And Ripple has managed to positively surprise the industry by revealing industry integrations for its dollar-pegged stable coin, which has maintained an impressive $1 peg and create real world utility for institutions dealing in crypto.”
Also Read: Solana Down 67%: Is it a Good Buy Now?
The rally in crypto prices today offers a much-needed reprieve from the $64,000 lows that Bitcoin reached yesterday. However, the Fear & Greed Index is still at 11, deep in extreme fear territory. Bitcoin is still trading below key resistance levels, and the broader market is not out of the woods yet. Whether this bounce holds will depend on how macro conditions develop this week.
Also Read: Dogecoin Price Below $0.10: What Traders Should Watch?
1. Why is the crypto market up today?
The crypto market is up today mainly due to short covering and dip buying after a sharp correction. Bitcoin had fallen close to $63,000, which attracted buyers at lower levels. Traders who had bet on further declines closed their short positions, pushing prices higher. Positive macro cues, including political developments and Mastercard’s crypto hiring news, also helped improve overall sentiment.
2. What is Bitcoin price today?
Bitcoin price today is $65,408, up 3.35% in the last 24 hours. During early trading, it briefly touched $66,300 before facing mild resistance. Bitcoin currently holds a market capitalization of about $1.3 trillion and recorded $40.5 billion in trading volume over the past 24 hours, reflecting renewed investor interest.
3. What is the latest development in the Jane Street lawsuit?
A lawsuit has been filed against trading firm Jane Street over allegations linked to the 2022 Terra-Luna collapse. The claim suggests the firm used insider information during the UST crisis to profit. These remain allegations, and nothing has been proven in court. However, the news has drawn strong attention from traders and influenced short-term market sentiment.
4. What is the ‘10 AM dump’?
The ‘10 AM dump’ is a term used by traders to describe a pattern where Bitcoin often experiences sharp sell-offs around 10 AM US market hours. For several weeks, this timing raised concerns among market participants. Interestingly, today that pattern did not appear, as Bitcoin and Ethereum moved higher instead, giving traders more confidence in the short term.
5. What is the latest crypto news?
The latest crypto news includes Bitcoin reclaiming the $65,000 level, strong gains in Solana and Ethereum, and Mastercard posting a job for a Director of Crypto Flows focused on stablecoins and Web3 payments. Additionally, macro developments such as tariff discussions and legal headlines have shaped market sentiment, while the Fear & Greed Index remains in extreme fear territory at 11.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be risky, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
