Amid AI Volatility, Stocks Stumble While Crypto Surges…“Prepare for a Volatile Market”

▲ Bitcoin, stock market/ChatGPT-generated image ©

Bitcoin (BTC) recovered to the high $68,000 range, extending its rebound amid renewed appetite for risk assets.

As of 7:24 a.m. KST on February 14, according to CoinMarketCap data, Bitcoin was trading at $68,796, up 4.82% over the past 24 hours. Ethereum (ETH) rose 6.69% to $2,049, while XRP climbed 3.81% to $1.40. The total cryptocurrency market capitalization increased 4.4% to $2.36 trillion, and the Fear & Greed Index remained at 8, staying in the “Extreme Fear” zone. The Altcoin Season Index stood at 30, indicating that the market continues to be centered around Bitcoin.

The rebound drew attention as it occurred while the New York stock market closed mixed. On the 13th (U.S. Eastern Time), the Dow Jones Industrial Average rose 0.10% and the S&P 500 gained 0.05%, while the Nasdaq Composite fell 0.22%. Although the January Consumer Price Index (CPI) increased 0.2% month-on-month, showing signs of easing, the market did not interpret it as a strong bullish catalyst. However, amid heightened stock market volatility driven by algorithmic trading and increased leverage, the cryptocurrency market saw a relatively resilient rebound as bargain-hunting buying quickly flowed in.

Among individual coins, Ethereum and Bitcoin Cash (BCH) led the gains, rising 6.69% and 11.89%, respectively, while Solana (SOL) jumped 9.76%. In contrast, BNB posted a more modest 2.09% increase, and some major altcoins still recorded negative weekly returns. The average cryptocurrency Relative Strength Index (RSI) stood at 58.07, indicating that the market is not yet overbought but that short-term buying momentum is expanding.

The key question going forward is whether Bitcoin can reclaim the $70,000 level. The current price range sits in the middle of the recent correction zone, and a successful hold above $70,000 in the short term could accelerate a recovery in market sentiment. Conversely, if volatility in the New York stock market intensifies again or expectations for rate cuts recede, cryptocurrencies may also struggle to avoid a broader risk-asset correction.

Market experts noted that “a rebound occurring while the fear index remains at an extreme level typically reflects a short-term short squeeze and bargain hunting,” adding that “whether Bitcoin can stably hold above $67,000 will serve as a watershed for the short-term trend.” As synchronization with traditional financial markets has strengthened, macro variables and liquidity flows are expected to determine the market’s direction for the time being.

Disclaimer: This article is for investment reference only and we are not responsible for any investment losses incurred based on it. The content should be interpreted for informational purposes only.