Crypto Market Rebounds: BTC, ETH Surge as Altcoins Lead Gains

I. Crypto Market Overview

Key Takeaways

Macro Environment

The nomination of Kevin Warsh as Fed Chair signals a shift to cautious rate cuts and higher-for-longer US rates, supporting dollar strength and pressuring crypto liquidity. India’s GDP growth revision to 7.6% highlights regional economic resilience, potentially boosting crypto adoption. Surging USDC inflows and persistent Asian FX volatility reflect ongoing risk-off sentiment and a flight to stablecoins.

Crypto Market

The crypto market rebounded, with BTC up 3.16% at $66,872 and ETH rising 5.79% to $2,009.59, driven by renewed ETF inflows and improved sentiment. Altcoins outperformed, led by Jupiter (JUP) up 20.26%, LayerZero (ZRO) up 14.76%, and Hyperliquid (HYPE) up 12.47%, fueled by strong trading volumes and sector rotation into interoperability and DeFi themes.

Today's Outlook

Today’s key events include the Hyperliquid token unlock, releasing 2.72% of supply, and several protocol upgrades and DAO votes. These events may drive volatility in related tokens and influence sector sentiment, especially in DeFi and interoperability projects.

Fear and Greed Index

78.00% Annual Percentile

14 Fear

Total Crypto Market Cap

$2.31T

3.52%

Total Market Trading Volume

$99.26B

1.70%

Altcoin Season Index

41.67%

Quarterly Percentile

34 / 100

Total Futures Market Open Interest

3.12B

3.63%

Futures

398.71B

4.29%

Perpetuals

II. Industry Updates

Macro-economic Policies

U.S. President Trump nominated Kevin Warsh as the next Fed Chair, signaling a shift to cautious rate cuts and higher-for-longer interest rates, which may sustain dollar strength and pressure crypto liquidity.

India revised its GDP growth estimate for FY26 to 7.6% after a calculation revamp, highlighting economic resilience; strong growth in India can support regional crypto adoption and capital inflows.

Asian FX markets face volatility as the U.S. dollar steadies post-CPI and the yen plummets on Japan's GDP contraction, increasing risk-off sentiment and impacting BTC and DeFi flows in Asia.

Turkey's February inflation is expected to rise to 31.4% YoY, with the central bank maintaining a tight monetary stance; persistent inflation may drive local demand for stablecoins and crypto hedging.

USDC stablecoin inflows surged in January 2026, with $8.4 trillion in monthly settlement volume, reflecting a flight to dollar-pegged assets amid macro uncertainty and supporting DeFi liquidity.

Cryptocurrency Regulatory Trends

The U.S. CLARITY Act, aiming to define digital commodities and securities, has passed the House but faces Senate delays over stablecoin yield rules, impacting market confidence and institutional participation.

Tether USAT CEO highlighted the GENIUS Act's role in enabling 24/7 stablecoin markets and predicted an 80-90% chance of the Clear Act passing, supporting further stablecoin adoption and regulatory certainty.

X Platform updated its paid partnership policy to ban the promotion of cryptocurrencies and financial services, restricting crypto marketing and potentially reducing retail investor inflows.

Russia now allows courts to confiscate cryptocurrencies in criminal cases, signaling stricter enforcement and increased regulatory oversight in the digital asset sector.

The Bank of Korea reiterated its call for commercial banks to issue a KRW-backed stablecoin, emphasizing the integration of traditional finance with digital assets and regulatory oversight.

LayerZero (ZRO): LayerZero surged 14.76% in the past 24 hours, driven by $153M trading volume and renewed interest in omnichain interoperability solutions, despite no major news event.

Jupiter (JUP): Jupiter Project rose 20.26% in 24 hours, with price momentum fueled by increased community activity and speculation, though no specific protocol update or listing was identified.

Hyperliquid (HYPE): Hyperliquid gained 12.47% in 24 hours, supported by $345M trading volume and growing adoption of its zero gas fee perpetual DEX, with no single headline event as the catalyst.

Smart Money Movements

SpaceX held 8,285 BTC on Coinbase Prime valued at $545 million, down $235 million from three months ago due to market corrections.

A dormant address accumulated $9.35 million in ETH after a two-year hiatus, withdrawing 4,819 ETH from OKX at $1,941.25 per ETH.

A whale invested $4 million in HYPE tokens, acquiring 145,741 tokens and achieving over $500,000 in unrealized profits within 24 hours.

A significant transfer of $137.9 million USDT was made from an unknown wallet to OKEx, indicating potential strategic positioning by a large holder.

A wallet active for seven months withdrew 384 PAXG worth $2.07 million from Binance, reflecting ongoing smart money interest in tokenized gold assets.

Events to Watch

Mar 2 (Mon)

US ISM Manufacturing PMI (Feb), US Unemployment Rate, UK S&P Global Manufacturing PMI, China Caixin Manufacturing PMI data releases; key for global macro and crypto sentiment.

Mar 3 (Tue)

MANTRA token upgrade with symbol rename and 1:4 split; Australia Q4 2025 GDP data release, impacting AUD and risk assets.

Mar 4 (Wed)

US ISM Services PMI (Feb) and ISM Non-Manufacturing PMI releases; Australian GDP q/q data at 00:30 UTC, all closely watched by global markets.

Mar 5 (Thu)

Federal Reserve Beige Book release; US Trade Balance (Jan) data, both critical for assessing US economic outlook.

Mar 6 (Fri)

US Non-Farm Payrolls, Unemployment Rate, and Average Hourly Earnings (Feb) release at 13:30 UTC; Hyperliquid and ecosystem token unlocks totaling over $14 million.

III. Phemex Market Focus

New Listings

Feb 28: (ROBO/USDT)

Phemex to list ROBO Token(ROBO) for spot trading with the pair ROBO/USDT.

Feb 28: (ROBOUSDT)

New futures listing for ROBOUSDT with up to 20X leverage and hedge mode support.

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