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Bitcoin and other major cryptocurrencies surge, Jane Street reportedly suspends "10 am Sell-Off" rumor following lawsuit

2026.02.26 07:38:49

February 26 – The cryptocurrency market notched one of its strongest single-day rebounds in recent times, with Bitcoin, Ethereum, and Solana all climbing. The rally pushed the total crypto market capitalization up by roughly $170 billion to nearly $2.5 trillion. Per HTX market data, Bitcoin rose toward $70,000, Ethereum gained over 13%, and Solana jumped more than 15%. This rebound marks the end of the extended pullback that began after last October’s peak. Market analysts link the uptick to the recent insider trading lawsuit against Jane Street, a major crypto market maker. Some crypto commentators noted that over the past few months, there was a pattern of apparent concentrated Bitcoin sell-offs around 10 a.m. ET—trading that abruptly ceased following the lawsuit’s announcement. No public evidence confirms Jane Street conducted systematic Bitcoin sell-offs at that fixed time. Still, the market broadly views expectations of diminished potential selling pressure as having lifted investor sentiment in the short term.
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