Bitcoin, Ethereum and Solana Surge as Crypto Market Adds $170 Billion Amid Jane Street Lawsuit Speculation
Bitcoin briefly traded above $70,000 on Feb. 25 as the crypto market added about $170 billion to reach nearly $2.5 trillion, Odaily Planet Daily reports. Ethereum gained more than 13% and Solana rose over 15%, snapping the extended correction that followed last October's peak. Some analysts attribute the rally in part to insider trading litigation involving market maker Jane Street, noting that several commentators had observed months of concentrated Bitcoin selling around 10 a.m. Eastern Time that appeared to stop after the lawsuit became public, though there is currently no public evidence that Jane Street conducts systematic, time-based Bitcoin sales.