Bitcoin Rebounds Toward $70,000 As Market Eyes Potential 'Bear Bottom'

The world's largest cryptocurrency sees a modest rally after a volatile start to 2026.

Published on Feb. 14, 2026

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Bitcoin showed signs of a recovery on Saturday, climbing back toward the $70,000 mark as investors looked to snap a multi-day losing streak. After a volatile start to 2026, the world's largest cryptocurrency rose approximately 1.3% over the last 24 hours, trading at $69,806 as of Saturday afternoon.

Why it matters

The modest rally follows a difficult week for digital assets. Despite the recent uptick, Bitcoin remains down roughly 21% year-to-date, struggling to regain the momentum that saw it reach an all-time high of $126,272 in October 2025. Some analysts warn that the 'bear market bottom' may still be months away, with potential support levels around $55,000 to $50,000 before a sustainable recovery begins.

The details

The recent price action comes as several major stories are driving sentiment in the crypto space, including a botched prize giveaway at South Korean exchange Bithumb that accidentally distributed over $40 billion in Bitcoin, and lawyers for jailed FTX founder Sam Bankman-Fried filing for a new trial. Additionally, the U.S. Federal Reserve is reportedly reviewing 'Matters Requiring Attention' (MRAs) to refocus bank supervision on material risks, which could impact how traditional financial institutions interact with the crypto market.

  • Bitcoin reached an all-time high of $126,272 in October 2025.
  • Bitcoin is down roughly 21% year-to-date as of February 14, 2026.

The players

Bitcoin

The world's largest cryptocurrency.

Bithumb

A South Korean cryptocurrency exchange that is under investigation after a botched prize giveaway accidentally distributed over $40 billion in Bitcoin to users.

Sam Bankman-Fried

The jailed founder of FTX, whose lawyers have filed for a new trial, alleging that the original 2023 case was influenced by misleading testimony.

U.S. Federal Reserve

The central banking system of the United States, which is reportedly reviewing 'Matters Requiring Attention' (MRAs) to refocus bank supervision on material risks, a move that could impact how traditional financial institutions interact with the crypto market.

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The takeaway

The recent price action in Bitcoin highlights the continued volatility and uncertainty in the cryptocurrency market, with analysts debating the potential for further declines before a sustainable recovery can take hold. The broader crypto landscape is also being shaped by regulatory scrutiny and high-profile legal cases, underscoring the need for investors to closely monitor developments in this rapidly evolving space.