Bitcoin Price Approaches $70,000, Altcoins Also Strengthen
Bitcoin (BTC) prices have risen again, approaching the $70,000 level, halting a three-day downward trend. This increase occurred simultaneously with the strengthening of technology stocks and improved global risk sentiment following Nvidia Corp’s financial report.
Quoted from Bloomberg, Thursday (26/2/2026), the price of Bitcoin rose by 9.3 percent to $69,987, recording the largest intraday increase since February 6. Previously, this largest cryptocurrency last touched the $70,000 level on February 16, 2026.
Ether also experienced an increase of around 13 percent to $2,100. Other altcoins followed the positive trend, with Solana increasing by around 16 percent, while XRP rose by 10 percent.
He added that if the price of Bitcoin manages to break through $70,000, the market narrative will change.
The strengthening of the market was also driven by a reassuring speech by the US President, as well as optimistic prospects for Nvidia’s quarterly earnings.
Nvidia is considered a barometer for technology-driven trading, indicating that the development of AI computing is still on track.
Trump had previously used different authority to announce a 15 percent global tariff, which put pressure on the market.
Although demand in the US is declining, investors are now starting to switch to altcoins, which have outperformed Bitcoin.
“Bitcoin is now moving within a broader market system, so when liquidity decreases, volatility increases. Assets like Solana that generate real yield will hold up better than assets that only move based on momentum,” said Daniel Reis-Faria, CEO of ZeroStack.
Jake Ostrovskis, head of over-the-counter trading at Wintermute, reminded investors to remain vigilant. “Until this token returns above $75,000, it is difficult for many to take it seriously,” he said.
Data from Glassnode shows that almost 9 million Bitcoins, or 45 percent of the total tokens in circulation, are worth less than their holders’ purchase price.
This explains why every rally often fails, because holders who are at a loss sell when prices rise, thus absorbing the upward momentum.
Overall, the crypto market is still under pressure, with the total market value down more than 20 percent compared to a year ago, according to CoinGecko.
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