Crypto rally linked to Jane Street lawsuit as 10 a.m. dump fades
Bitcoin, Ethereum and Solana surged as the broader crypto market rallied about 8% to around $2.5 trillion after a lawsuit accusing Jane Street of insider trading sparked chatter that the long-standing 10 a.m. dump had ended. Bitcoin briefly traded above $70,000 with Ethereum up roughly 13% and Solana up over 15%; while analysts noted no public evidence of a fixed selling schedule, the mood shifted from persistent selling pressure to a recovery in the context of Terra-Luna's collapse history.
