Bitcoin Retakes $64,000 as Crypto Miners Rally and Selloff Eases
Bitcoin narrows early losses and rallies back above $64,000 in late February 2026 as AI-related software rout eases and crypto miners rally.
In late February 2026, Bitcoin staged a recovery after a punishing selloff that had sent the cryptocurrency to its lowest levels since October 2024.
Price Recovery
Bitcoin narrowed big early losses and rallied back above $64,000. The move came as selling pressure in risk assets eased, particularly in AI-related software and tech stocks that had led a broad market decline. Crypto mining stocks rallied in tandem with the bounce in Bitcoin.
Context: The February Selloff
Earlier in February, the crypto market had experienced severe stress. Bitcoin fell toward $60,000—a 2024 low—and the Fear & Greed Index dropped to 5, a level not seen even during the 2018 bear market or 2022 crypto winter. Over $2.6 billion in leveraged positions were liquidated during the worst of the selloff. The downturn was driven by weakness in tech stocks and macro concerns, with traders bracing for Federal Reserve minutes and PCE inflation reports.
Outlook
By late February, the rebound above $64,000 offered relief to holders, though Bitcoin remained under pressure around $68,000 amid broader market uncertainty. The recovery highlighted the continued correlation between crypto and traditional risk assets.
