Bitcoin price news: BTC narrows big early losses, rallying back above $64,000

CoinDesk

by Krisztian Sandor

February 24, 2026

AI-Generated Deep Dive Summary

Bitcoin prices rebounded above $64,000 on Tuesday, narrowing early losses amid a broader risk资产 rebound. The cryptocurrency’s Fear & Greed Index dropped to unprecedented lows, signaling a shift in market sentiment. Despite a 0.75% decline over the past 24 hours, Bitcoin recovered from a low of $62,500 to trade at $64,200 during early U.S. trading. Ether (ETH) and Solana (SOL) also showed signs of stabilization after initial declines. The rally coincided with gains in technology stocks, particularly in the software sector, which had been impacted by concerns over AI’s potential disruption. The iShares Software Sector ETF (IGV) rose 1.7%, as companies like Intuit and DocuSign announced partnerships with AI firm Anthropic, suggesting adaptability rather than displacement. High-performance computing firms and crypto miners linked to AI infrastructure also saw gains, with Bitdeer (BTDR), Cipher Mining (CIFR), Hut 8 (HUT), and TeraWulf (WULF) leading the pack with 6%-10% increases. Traditional safe havens like gold and crude oil saw declines, reflecting easing geopolitical tensions. Gold fell 1.5%, while oil slipped 0.5% after Iran’s deputy foreign minister indicated willingness to reach a deal with the U.S. The tech-heavy

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Originally published on CoinDesk on 2/24/2026