Search





Search





NewsCryptocurrencies

Bitcoin Rallies 4% to Near $70,000 as Market Optimism Returns

TradingKey

AuthorBlock Tao

Feb 26, 2026 2:07 AM

View all comments（0）



TradingKey - Bitcoin price nears $70,000 as market bullish sentiment rebounds.

On Thursday (February 26), Bitcoin (BTC) saw a rare strong rally recently, jumping nearly 4% on the day to a high above $69,500, currently trading at $68,333. This marks the third time Bitcoin has rallied toward the $70,000 threshold since its plunge on February 5.

bitcoin-btc-price-fef049f6dc92485bb0bbed64f23e6d33

Bitcoin price chart, source: TradingView

The rebound in Bitcoin's price has driven gains across other major cryptocurrencies. Among them, Ethereum (ETH) surged over 7%, returning to the $2,000 mark; Ripple (XRP) rose more than 3%, currently trading at $1.42; Binance Coin(BNB) gained over 5% to $628.

The sudden strength in the crypto market caught bears off guard. In the past 24 hours, over 120,000 traders were liquidated for a total of $585 million, with short liquidations accounting for $473 million, or 81%.

Crypto-liquidation-Long-short-b6c40d8972a24d40b93f42bf3663fde7

Crypto market liquidation data, source: CoinGlass

Some analysts believe Bitcoin's rebound is linked to market maker Jane Street halting its sell-off. It is reported that the firm had allegedly been concentratedly selling Bitcoin at fixed times daily for several months but stopped selling after news of a lawsuit broke, easing market selling pressure and boosting investor bullish confidence.

This content was translated using AI and reviewed for clarity. It is for informational purposes only.

View Original

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

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

Google’s Strong Q2 Results Fail to Prevent Stock Pressure, Free Cash Flow Turns Negative for First Time, AI Spending Sparks Concern

TradingKey - Alphabet (GOOGL)(GOOG), the parent company of Google, delivered a quarterly earnings report reflecting a combination of growth and pressure. For the first time since its public listing, Google reported negative quarterly free cash flow, while management once again raised the target for full-year capital expenditures.

Palantir (PLTR) Falls 6% - NHS Scrutiny, Open-Source Rival, Earnings Aug 3

TradingKey - Palantir fell 6% today on two catalysts: UK regulators scrutinised the NHS FDP contract and a free open-source alternative called World Monitor appeared on GitHub. Q2 earnings August 3. At $125, the $122 support is the key level.

Google Q2 Cloud Revenue Surges 82%: Net Profit Soars 298% YoY, 26% QoQ Capital Expenditure Growth Sparks Sharp Bull-Bear Divide

TradingKey - Alphabet (GOOGL, GOOG) released its second-quarter 2026 financial results after the close of U.S. markets on July 22, Eastern Time. As of press time, Google’s revenue for the period reached $119.796 billion, up 24% year-over-year (23% on a constant currency basis), exceeding market expectations of $116.93 billion. This marks the company's 12th consecutive quarter of double-digit revenue growth. Notably, Google Cloud performance was a highlight, with revenue surging 82% year-over-year to $24.8 billion.

Western Digital (WDC) Surges 12.5% to $548 - Kioxia Merger Talks, $900 Analyst Target

TradingKey - Western Digital surged 12.5% to $548 today as memory stocks rebounded and Kioxia merger talks resumed. HDD production is sold out through 2026. Cantor Fitzgerald targets $900, Citi $800. Earnings August 5. Here is the setup.

Alphabet Q2 Earnings Preview: $190 Billion AI Gamble Faces Major Test, Can Google Cloud Still Sustain the Growth Myth?

TradingKey - Alphabet (GOOGL) (GOOG) will release its second-quarter 2026 financial results after the U.S. market close on July 22. As one of the world's most valuable technology companies by market capitalization, Alphabet’s business spans multiple sectors including search advertising, YouTube, Google Cloud, generative AI, and autonomous driving. Its earnings performance not only impacts its own stock price but is also regarded as a crucial bellwether for the global AI investment cycle.

Featured Tools