Bitcoin Climbs Above $65K Amid Improving Crypto Sentiment

Key Moments

Bitcoin Stabilizes After Weeks of Heavy Selling

Bitcoin moved higher on Wednesday, supported by bargain hunting after a sharp pullback in recent weeks and an improvement in overall risk appetite following gains on Wall Street.

The broader digital asset market also firmed as the intense selling that had weighed on cryptocurrencies appeared to subside, encouraging investors to step back in.

Despite the latest bounce, Bitcoin remained under pressure, still reflecting a decline of nearly 50% from its record peak reached in October. The outlook for a more sustained recovery remained uncertain, with both retail and institutional interest in crypto described as subdued.

The largest cryptocurrency was up 3.2% at $65,102.7 by 01:24 ET (06:24 GMT), after touching an intraday high of $66,279.4. Earlier in the week, Bitcoin had dropped below the $63,000 level.

Correlation With Tech Stocks as AI Concerns Ease

Bitcoin’s advance coincided with a rebound in U.S. equities, particularly in the technology sector, as markets reacted to easing anxiety over the near-term impact of artificial intelligence on software companies.

Digital asset prices often move in line with U.S. technology shares, even though tech stocks have significantly outperformed cryptocurrencies in recent months.

Tech names were also supported ahead of closely watched quarterly results from AI-focused NVIDIA Corporation (NASDAQ: NVDA), scheduled for release after the U.S. market close on Wednesday. That report was expected to influence sentiment toward technology stocks and potentially offer directional cues for crypto markets as well.

$BTC has reclaimed the $65,000 level.

If it secures a strong daily close above this zone, the next upside target sits around $70,000 to $72,000 in the weeks ahead. pic.twitter.com/6t5baPvGCQ

— Erica Hazel (@Erica__Hazel) February 25, 2026

Trump Reaffirms Tariff Strategy in State of the Union

Markets also contended with new signals on U.S. trade policy from President Donald Trump, who used his State of the Union address on Tuesday evening to reiterate his commitment to tariffs.

Trump criticized the Supreme Court’s decision to strike down his broader reciprocal tariff measures, but asserted that he was continuing to pursue his tariff agenda under a different legal approach.

He argued that he did not need Congressional approval to move forward with his tariff plans, although the exact legal basis he referenced was not clearly identified.

Under the Section 232 mechanism used by Trump to implement his most recent round of tariffs, the president is required to obtain Congressional approval for the levies after 150 days. He must also seek Congressional authorization to broaden the coverage of those tariffs.

In what was described as the longest State of the Union speech in U.S. history, Trump addressed a wide range of issues beyond trade, but he did not mention cryptocurrencies.

Altcoins Participate in Recovery

Major alternative cryptocurrencies moved higher on Wednesday as steep losses in prior weeks attracted buyers looking for perceived value.

Ether, the second-largest cryptocurrency by market importance, advanced nearly 4% to $1,891.16. XRP gained 2.7%.

Solana and Cardano recorded stronger moves, rising 6.8% and 3.4%, respectively, while BNB added 1.4%.

Among meme tokens, Dogecoin increased 1.5%, and $TRUMP climbed 4.7%.