Overnight crypto rout reverses, bitcoin rebounds to $66,300
coindesk|Feb 23, 2026 11:31
Bitcoin fell to $64,270 shortly after midnight UTC before rebounding to $66,300, as thin liquidity amplified moves tied to U.S. tariff plans and geopolitical tensions.
What to know : Bitcoin slid to $64,270 from $67,700 shortly after midnight UTC before recovering to $66,300, mirroring a dip and partial rebound in S&P 500 futures. Gold rose to its highest since Jan. 30 as President Donald Trump outlined new 15% global tariffs and U.S.-Iran tensions boosted demand for haven investments. SOL and SUI fell 7%-8% in thin liquidity, contributing to $270 million in altcoin liquidations, though several tokens pared losses during European hours.(Coindesk)
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