The cryptocurrency market saw a significant rally on February 25, with Bitcoin, Ethereum, and Solana leading the charge. Bitcoin briefly surpassed $70,000, while Ethereum and Solana rose by over 13% and 15%, respectively. This surge increased the total crypto market capitalization by approximately $170 billion, reaching nearly $2.5 trillion.
The rally comes amid speculation surrounding insider trading litigation against market maker Jane Street. Analysts suggest that the lawsuit may have influenced market dynamics, as a pattern of concentrated Bitcoin sell-offs at 10 a.m. Eastern Time reportedly ceased following the litigation news. Although there is no public evidence linking Jane Street to systematic Bitcoin selling, the market's perception of reduced selling pressure has bolstered investor sentiment.
Crypto Market Surges as Bitcoin Hits $70,000 Amid Jane Street Lawsuit Speculation
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