Bitcoin Nears $75K on 25% Bounce From February Low

Bitcoin price charged to $74,500 Monday morning, its highest print since early February, as a broad risk-on mood swept through equities and crypto alike — but traders old enough to remember 2022 know exactly what a 25% bounce can mean.

BTC Breaks Six-Week Range, Altcoins Follow

The move put Bitcoin up 3.9% on a 24-hour basis and cracked the range that had capped the asset for roughly six weeks. Sentiment rippled outward fast. Ether and Solana each climbed more than 7% in the same window — a clear signal that risk appetite isn't just limited to the big coin right now. When altcoins outpace BTC by that margin, capital is rotating back into the riskier end of the crypto spectrum.

The bounce off February's $60,000 floor now sits close to 25% — a number that sounds healthy until you remember what that same percentage move looked like in 2022. Bitcoin staged multiple rallies of roughly that scale during the crypto winter, only to get flushed each time. The last one ended with the FTX collapse and a plunge below $16,000 in November of that year. Bitcoin price data shows this pattern clearly. That context doesn't make the current rally fake — but it does make $75,000 a level worth watching rather than celebrating prematurely.

What's Driving the Macro Tailwind?

Why did Bitcoin rally so sharply on Monday?

Oil pulled back hard. Crude futures dropped about 4% on Monday after briefly topping $100 per barrel over the weekend amid Iranian strikes on Middle East energy infrastructure. The easing happened as Strait of Hormuz tensions appeared to soften — U.S. President Donald Trump called on other nations to help secure the critical shipping corridor, and some Pakistani oil tankers reportedly resumed passage through the strait. Less geopolitical pressure on oil means less macro fear across risk assets broadly.

U.S. equities caught the same bid. The Nasdaq and S&P 500 were each more than 1% higher in morning trading, giving crypto a cleaner runway. Crypto-related stocks moved in sympathy: Circle (CRCL) gained 6%, Strategy (MSTR) added about 5%, and Coinbase (COIN) was up roughly 3%.

Bitcoin's bounce from its earlier February bottom of $60,000 is now nearing 25%, a notable move given several bounces of about that amount during 2022's long crypto winter.

The AI Infrastructure Trade Hits Crypto Stocks Too

Monday's session wasn't just a Bitcoin story. Amsterdam-based AI infrastructure provider Nebius signed a deal with Meta valued at up to approximately $27 billion — a five-year agreement under which Nebius will supply roughly $12 billion in dedicated AI compute capacity across multiple locations, built on one of the first large-scale NVIDIA system deployments. The Nebius Meta AI deal sent Nebius shares up about 13% and gave Meta a 2.5% lift. That sentiment spilled into the Bitcoin mining and AI compute cohort: IREN added 6%, Galaxy Digital jumped 8%, and Cipher Mining gained 7%.

TeraWulf had its own headline — a $500 million, 364-day senior secured bridge facility led by Morgan Stanley, earmarked to fund construction of its Hawesville, Kentucky data center while longer-term project financing gets arranged. Shares of TeraWulf shot up roughly 12% on the news. The facility gives the company development runway without locking in permanent debt terms.

Does the 25% Bounce Rule Out Further Gains?

Not automatically — but it deserves scrutiny. The current setup has things 2022 didn't: institutional accumulation, ETF inflows, and a regulatory environment that's at least more defined. Those structural differences matter. What doesn't change is the psychological weight of a level like $75,000 sitting just overhead, right where the six-week range broke down from. Resistance tends to remember where it came from.

If you're holding BTC, the macro backdrop is the cleanest it's been in months. Oil down, equities up, and altcoins confirming the move. But 25% bounces that don't follow through have a track record in this market — and that track record is ugly.