Crypto Market Today: Bitcoin and Ethereum Pump After Jane Street Lawsuit

The crypto market is flashing green today after days of pressure.

Now, just one day after a lawsuit targets Jane Street, the so-called 10 AM selling pressure appears to have paused,and prices are rising.

It is important to stress that there is no confirmed evidence linking today’s price action to the lawsuit. Markets move for many reasons, including short covering, oversold technical conditions, and shifts in sentiment.

Market Conditions Still Fragile

Despite today’s bounce, the broader picture remains cautious. The Fear & Greed Index still sits at 11, signaling extreme fear. The average crypto RSI is near neutral territory after weeks of oversold readings.

Bitcoin remains below major resistance levels, and Ethereum is still recovering from recent losses. However, today’s rally has injected short-term optimism back into the market.

Whether this is the start of a sustained recovery or simply a relief bounce remains to be seen.

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