No 10 AM BTC Dump? Bitcoin Price Rallies as Jane Street Trading Draws Attention

Group 1 - Bitcoin experienced a nearly 3% increase, reaching around $65,000, following speculation that Jane Street had halted a selling strategy that was believed to suppress price rallies [1][5] - The pattern of Bitcoin's decline during the first hour of U.S. trading has been observed in over 60% of sessions since early November, with typical losses of up to 3% [2][3] - Allegations against Jane Street include claims of systematic selling of Bitcoin at 10 a.m., which some traders believe has been capping potential rallies [3][5] Group 2 - Jane Street is currently facing legal scrutiny related to the 2022 collapse of Terraform Labs' TerraUSD stablecoin, which resulted in a loss of approximately $40 billion in market value [7][8] - An 83-page complaint has been filed against Jane Street, accusing the firm and its employees of insider trading and market manipulation prior to the collapse of TerraUSD [8] - Despite the ongoing speculation regarding Jane Street's trading practices, volatility around 10 a.m. Eastern Time is noted to be a common occurrence in global markets [9]