February 26 — Bitcoin surged to nearly $70,000 early this morning, CoinDesk reported, and has since pulled back to around $68,300. Altcoins are outperforming Bitcoin across the board: Ethereum (ETH) is up 8.5%, Solana (SOL) 6.9%, and Cardano (ADA) 10.8%. This divergence typically signals a return of risk appetite to the market, as traders — believing the worst of the recent sell-off is over — are chasing higher-risk, higher-beta asset opportunities. ZeroStack CEO Daniel Reis-Faria noted: “The forced selling wave is fading. Altcoins are outperforming Bitcoin again, and more tokens are leading Bitcoin’s gains. The market is showing rotation.” Meanwhile, the crypto market’s macro backdrop remains fragile. Market maker Wintermute pointed out that as funds flow into defensive, tangible assets, cryptocurrencies are under pressure in sync with tech stocks, steadily losing upward momentum.
