Bitcoin Blasts Past <$67,000>: ETH, DOGE, SOL Ignite Rally

Bitcoin has made a stunning comeback, smashing through the <$67,000> mark. This surge comes after a tough stretch for the crypto market. In the last 24 hours, BTC jumped over 5%, hitting around $67,500 during the U.S. morning session. But Bitcoin isn’t alone in this rally. Ethereum (ETH), Dogecoin (DOGE), and Solana (SOL) are leading the charge, with gains over 10%. This looks like a classic , where bearish bets get wiped out fast.

What Sparked the Bitcoin Price Surge?

The crypto market was deep in fear just days ago. Traders who bet against prices—known as shorts—were everywhere. Tools like perpetual futures showed negative funding rates. This means shorts were paying longs to keep their positions open. When prices started rising, it triggered massive liquidations.

Over $307 million in short positions got wiped out in the past day, according to data trackers. Bitcoin’s funding rates are still low, so this rally isn’t fueled by wild leverage. It’s more like trapped shorts forcing the move higher.

• BTC: Up 5%+ to $67,500
• ETH: Surged 10% back above $2,000
• DOGE: Climbed to $0.093, up over 10%
• SOL: Gained 10%+, outperforming BTC
• Others like ADA and LINK: Also up 10%+

The CoinDesk 20 Index, a broad crypto benchmark, rose too, but altcoins stole the show.

From Extreme Fear to Relief Rally

Sentiment was rock bottom. The Crypto Fear & Greed Index stayed in ‘Extreme Fear’ for most of February. That’s a signal that the market was oversold. When fear peaks, bounces often follow. This unwound weeks of pain.

Traders piled into shorts, creating a crowded trade. History shows these setups explode upward. The relief spread to all corners of crypto.

Crypto Stocks Join the Party

It’s not just coins. Crypto-linked stocks soared. Circle (CRCL), the stablecoin giant, leaped 20% on strong earnings. Coinbase (COIN), MicroStrategy (MSTR), and Galaxy (GLXY) each gained 5-6%.

Bitcoin miners, now linked to AI data centers, bounced hard. Bitfarms (BITF), Bitdeer (BTDR), and MARA Holdings (MARA) led the gains. Hedge funds had heavy short interest on these names, setting up a squeeze there too.

Traditional Markets Cheer Crypto On

Risk appetite is back in stocks. The S&P 500 rose 0.6%, Nasdaq 100 climbed 1.1%. Tech software ETFs like IGV gained another 2%. This positive vibe from Wall Street helps crypto shine.

Key Signals Point to Bullish Shift

Watch these indicators:

1. Coinbase Premium Index: Turned positive after 40+ days. It measures BTC price on U.S. exchange vs. global average. Positive means U.S. buyers are stepping in big.
2. MSTR vs. IBIT Ratio: Up 12% YTD. MicroStrategy beats BlackRock’s ETF, showing risk-on hunger despite BTC’s 25% yearly drop.
3. Spot BTC ETFs: $257.7 million inflows Tuesday—biggest since early Feb.

These signs scream institutional money flowing back.

XRP’s Surprise Jump

XRP rose 6%, breaking $1.37. Exchange data shows big spot buys from institutions and retail. ETF talk and accumulation hint at a bigger shift.

Why This Matters

This isn’t just a dead cat bounce. Negative sentiment washed out extremes. Liquidations cleared weak hands. Now, with ETF inflows and U.S. premium positive, fresh capital could pile in.

Bitcoin at <$67,000> tests key resistance. A hold here could target $70K. Altcoins like show relative strength—often a bull market clue.

But stay cautious. Crypto is volatile. More shorts could fuel upside, or profit-taking might pull back. Track funding rates and Fear & Greed for clues.

What’s Next for BTC and Altcoins?

If traditional markets keep rising, crypto could extend gains. Miners’ AI pivot adds tailwinds. Watch for sustained ETF inflows—they’re the real game-changer.

The today proves one thing: In crypto, fear creates opportunity. This led by might be the start of something bigger.

Stay tuned for more updates. What do you think—rally or fakeout? Share in comments!