Bitcoin Recovers From $62.5K Slump, Market Reacts to Talk of Jane Street Algorithm Unloading - Crypto Economy

TL;DR

  • Bitcoin rebound: BTC recovered from a $62,500 low to around $65K, gaining more than 3% as buyers stepped in after futures‑driven volatility and tariff‑related uncertainty.
  • Altcoin strength: ETH at $1,900, XRP at $1.37, BNB at $602, and SOL at $82 highlight broad market recovery, with SOL and XMR leading larger‑cap gains and KITE jumping 20%.
  • Jane Street debate: Rumors of halted algorithmic selling tied to legal action against Jane Street fueled the discussion, though the firm rejected the claims.

Bitcoin’s market narrative shifted sharply after days of sliding to $62,500, with the asset rebounding toward $66,500 before cooling. The recovery coincided with renewed debate over whether institutional algorithmic flows, particularly those linked to Jane Street, had influenced recent volatility. Updated price data shows BTC trading around $65K, up more than 3%, as traders reassess both macro pressures and the legal noise surrounding alleged coordinated selling.

Bitcoin Rebounds After Sharp Multi‑Day Decline

The week opened with Bitcoin struggling to reclaim momentum after repeated rejections near $70,000 and a swift drop to $66,000. A brief weekend recovery above $68,000 faded once tariff‑related uncertainty resurfaced, followed by a rapid plunge below $64,500 when futures markets opened. Bears pressed further, driving BTC to a three‑week low of $62,500 before buyers stepped in. With BTC now near $65K, the asset has regained the $1.3 trillion market cap level and strengthened its dominance above 56%.

Altcoins mirrored bitcoin’s turbulence but have since bounced. ETH trades around $1,900, nearly 5% higher, while XRP has reclaimed $1.37 with a gain of more than 3%. BNB has climbed to $602, up more than 2%. SOL and XMR lead the larger‑cap rebound, with SOL at $82 after nearly 8% growth and XMR above $335. Broader market strength lifted TRX, DOGE, BCH, ADA, and HYPE, while KITE surged 20% to enter the top 100.

![](data:image/svg+xml,%3Csvg%20xmlns=‘http://www.w3.org/2000/svg’%20viewBox=‘0%200%201024%20300’%3E%3C/svg%3E)

Speculation Builds Around Jane Street’s Alleged Algorithmic Selling

Market chatter intensified after a theory circulated claiming Jane Street had been executing daily 10am Eastern algorithmic BTC sales, contributing to months of downside. The firm, now facing legal action from Terraform Labs, has been accused of market manipulation affecting the crypto market since 2022. Jane Street dismissed the claims as baseless, while some analysts argued the theory oversimplified market dynamics.

The Terraform Labs complaint referenced manipulation during bitcoin’s 2022 bear‑market bottom at $15,600, adding fuel to speculation. Some traders suggested that if Jane Street paused its strategy amid legal proceedings, the market may have adjusted higher. Others remained skeptical, noting that price action still aligned with macro catalysts and liquidity shifts.

BTC7,04%
ETH11,37%
XRP7,78%
BNB7,55%
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