Hassan Maishera
TL;DR
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BTC briefly topped the $70k level after adding nearly 6% to its value.
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Altcoins recorded excellent gains, with $170 billion added to the crypto market on Wednesday.
Bitcoin Hits $70k as Bulls Regain Control
The cryptocurrency market had a poor start to the week, with Bitcoin dropping below the $63k level on Tuesday.
However, the bulls have turned things around, with the market adding $170 billion to its total capitalization in the last 24 hours.
JUST IN: $170,000,000,000 added to the crypto market cap today. pic.twitter.com/v2e7tnUa7c
— Watcher.Guru (@WatcherGuru) February 25, 2026
Bitcoin, the leading cryptocurrency by market cap, briefly touched the $70k level. It is now trading above $68k per coin, up 5.5% since Wednesday.
Altcoins recorded even bigger gains. Ether touched the $2,100 mark, adding 10% to its value. Solana, XRP, BNB, Dogecoin, and Tron are all up by 5% or more.
Cardano’s ADA has also regained its position as the 10th-largest cryptocurrency by market cap after adding 11% to its value in the last 24 hours.
While speaking to CoinDesk, Daniel Reis-Faria, CEO of ZeroStack, stated that,
"The wave of forced selling is starting to clear out. Altcoins are outperforming again, and more of them are ahead of Bitcoin. That tells me we're seeing a rotation."
Despite the short term relief, the macro backdrop remains fragile for a continued movement in crypto markets. According to the market maker Wintermute, cryptocurrencies have been losing ground alongside tech stocks as capital rotates into defensive and tangible assets.
CryptoQuant data reveals that selling has slowed on Binance, which supports the case for a short-term bounce.
However, some analysts are still pessimistic about the current pump. If the recovery fails to push BTC’s price higher, the leading cryptocurrency could revisit the $60k level once again, with further support around the $55k-$50k zone.
