Crypto: Bitcoin Bounces To $66k As Rumors Swirl Over Jane Street Selling...
Bitcoin traders had mixed opinions over what caused a BTC price rebound past $66,000 as attention focused on Jane Street selling pressure.
Bitcoin (BTC) sought to reclaim $65,000 as support into Wednesday’s Wall Street open as rumors swirled around US institutional pressure.
Bitcoin bounces 2.5% as talk turns to alleged selling pressure from Wall Street trading company Jane Street.
Jane Street rebuts claims of crypto market manipulation during the 2022 bear market.
“Razor thin” order books boost BTC price volatility.
Data from TradingView tracked a BTC price rebound, taking BTC/USD to $66,300 on Bitstamp before the pair consolidated.
Daily price gains remained at more than 2% at the time of writing, while crypto market participants became increasingly interested in potential deliberate BTC price suppression.
A theory circulating on social media revolved around secretive quantitative investment firm Jane Street, now subject to legal action by defunct crypto company Terraform Labs.
Coordinated algorithmic selling of Bitcoin at 10am Eastern time daily, it alleged, provided the main impetus for months of BTC price downside beginning in October 2025.
What Happened Today:>Jane Street was exposed for massive manipulation of the crypto market and for being behind the TerraLuna collapse. >An insider leaked that they were forced to shut down their trading algos. > no 10am price slam for the first time. >8pm, Bitcoin…
Source: CoinTelegraph
