Bitcoin holds near $68,000 as volatility cools, WLFI jumps ahead of Mar-a-Lago forum

The crypto market continues to trade within a tight range on Wednesday, with bitcoin BTC$67,492.07 rising by 0.9% to around $68,000 since midnight UTC.

The largest cryptocurrency has held between $65,100 and $72,000 since Feb. 6 as market volatility has reduced following a Feb. 5 selloff that took BTC to its lowest point since October 2024.

The altcoin market is running its own race. Monero (XMR) and ADA$0.2814 are posting gains of 3% and 1.7%, respectively, since midnight, while zcash (ZEC) and hyperliquid (HYPE) lost 3.5% and 1.1% over the same period.

The muted performance across the crypto market comes as U.S. equities begin to claw their way out of trouble — S&P 500 and Nasdaq 100 index futures are up 0.57% and 0.66% since midnight UTC as investors await hints on monetary policy when the Fed releases its meeting minutes later on Wednesday.

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Michelle Ross