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Bitcoin Held $60K–$70K Range in February 2026 as Altcoins Saw Sharp Squeezes and Reversals
Bitcoin traded between $60,000 and $70,000 in February 2026 after an early drop from $78,000, briefly falling to $62,000 on U.S.–Iran airstrike headlines before closing the month near $68,000, while silver and gold also corrected sharply. LayerZero's $ZRO extended its year-to-date uptrend into a volatile February 10, when a leaked video about its new "Zero" public chain triggered a 20% intraday selloff, followed by a 45% rebound after official partnership announcements with Citadel Securities, Cathie Wood/ARK, DTCC, and ICE, before slipping back toward $1.5 support. Speculative activity concentrated in AI and meme tokens and allegedly manipulative or "scam" names, as $VVV rallied from $1.65 to $5.5, $SAHARA and $GRASS each gained around 70% over short windows, while $PIPPIN, $POWER, $SIREN, $BULLA, and $ARC posted outsized pumps, crashes, or both. Most altcoin strength came via brief squeezes, including February 13–15 meme and AI rallies, a February 25 short squeeze in large caps such as DOT, NEAR, UNI, APT, FIL, and TIA, and isolated moves tied to Uniswap's February 11 liquidity deal with BlackRock for BUIDL, Base's February 18 shift away from the Optimism stack, Aave governance disputes, Terraform Labs' lawsuit against Jane Street, centralized exchange listings on Robinhood, Upbit and Bithumb, and notable price spikes in $BERA, $WLFI, $AZTEC, $ESP, $STABLE, BCH and others.