Bitcoin rebounds to $66,000 levels; what it means for investors?

• Bitcoin rose 2.95 percent, trading above $65,591 on Feb 25
• Crypto market rebounded after improved investor sentiment
• Ethereum, Solana, and XRP gained up to 6 percent in 24 hours

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Bitcoin prices surged marginally just above $65,591 on February 25 (9:00 am IST), representing a gain of 2.95 percent in the last 24 hours.

“Bitcoin has briefly revived after a sharp correction, but at $66k levels, it’s not been able to shake off the oversold sentiment as it has struggled to reach 70k since the last two weeks,” said Nischal Shetty, Founder, WazirX.

According to Riya Sehgal, Research Analyst, Delta Exchange, crypto markets rebounded as investor sentiment improved following President Trump’s State of the Union address, which emphasised economic resilience and policy stability.  "Technically, Bitcoin faces resistance at $67,200–$68,000, and a close above that range could extend gains toward $69,500. Support remains near $65,000 and $63,500.".

Other cryptocurrencies followed the cue. Etherrum was up 4.27 percent, Tether 0.02 percent, XRP 2.72 percent, Solana 6.20 percent, TRON 1.38 percent, Dogecoin 0.72 percent, Bitcoin Cash 2.74 percent. Whereas BNB and USDC were down 0.08 percent and 0.03 percent respectively, in the last 24 hours.

"The top gainer for the day is Pippin with over a 26.38% rise, followed by Kite, with over 17.40%. On the other hand, LayerZero plunged by more than 11.5%, followed by Pump.fun and Zcash by over 10% each," said CoinDCX Research Team

Here's how cryptocurrency prices have moved.

Bitcoin rebound: what it means for investors?

According to Akshat Siddhant, Lead quant analyst, Mudrex, bitcoin rebounded sharply from the $62,500 level to trade near $66,000, with broader market strength lifting assets like Ethereum, Solana, and XRP by as much as 6 percent in the past day.

"Traders are now watching for a potential short squeeze that could further stabilise prices. Institutional activity is also turning supportive, with BlackRock adding 2,086 BTC and 8,459 ETH, signalling a trend reversal in the ETF flows. A sustained close above $65,500 open doors for a relief rally toward $70,000, while the $61,500 zone continues to provide a strong support base," said Siddhant.