Crypto Rollercoaster: Bitcoin Surges, Market Faces Storm and Sunlight
Crypto’s sundown mood today felt like watching a hurricane roll through… and then seeing a few rays of sunshine break through the clouds. Let’s start with the biggest emotional swing of the day: Bitcoin (BTC). After a brutal stretch that saw BTC crash to one‑year lows, trade below some miners’ production costs, and trigger full-on risk aversion across crypto, Bitcoin suddenly flipped the script and reclaimed the $70,000 level. Analysts are already calling a potential market bottom. The rebound comes after weeks of ETF outflows, sour sentiment, and a general feeling that crypto was the asset class everyone suddenly wanted to pretend they’d never heard of. But even with the bounce, the scars are fresh. Miner profits have been squeezed, whales turned defensive during the drop, and the ecosystem got a loud reminder of how fragile infrastructure can be. A system bug at South Korean exchange Bithumb accidentally airdropped 2,000 BTC instead of 2,000 KRW to users, triggering a local f...