Crypto markets rebounded broadly on Wednesday, with Bitcoin and Ethereum leading gains following a sharp sell-off last week. Bitcoin traded near $67,400, up 5.6%, while Ethereum climbed 9.6% to over $1,950. Major altcoins like Solana, XRP, and BNB also posted significant gains. Despite the positive price action, market sentiment remains fragile, with key indicators still signaling extreme fear among investors.
Cryptocurrency prices staged a broad recovery on Wednesday, February 25, led by Bitcoin and Ethereum. This rebound followed a volatile session where Bitcoin briefly dipped toward the $62,000–$63,000 range before buyers intervened. Ethereum mirrored this trajectory, bouncing from lows near $1,850 in a synchronized, market-wide move.
Major altcoins followed the leaders higher during the session. According to market data, Solana rose 11.5%, while XRP gained 6.7% and BNB increased 6.1%. Despite the green price action, neither major asset has yet reclaimed key resistance levels from earlier in the month.
Sentiment metrics tell a more cautious story than the day’s gains suggest. The Crypto Fear and Greed Index currently sits at 11, a reading firmly in “Extreme Fear” territory. Historically, such levels indicate heightened uncertainty and risk aversion among traders.
This disconnect between price action and trader conviction suggests the rebound may be tactical. The structure of the move points to short covering and dip-buying rather than renewed bullish confidence. Stablecoins, including USDT and USDC, remained flat on the day, reinforcing the view that capital rotation into risk assets remains cautious.
