The crypto market is enjoying a rare period of calm after Tuesday’s selloff took bitcoin (BTC) and ether (ETH) to fresh multiyear lows.

BTC was recently trading at $76,100 having bounced from $72,870, the lowest since November 2024, while ETH is at $2,255 after dropping to a level not seen since May last year. Both assets in the black since midnight UTC, if only just.

The altcoin market is mixed, with privacy coins embarking on a much-needed bounce while Solana-based tokens like PUMP and JUP fell, losing 2% and 2.5%, respectively, since midnight.

The recovery occurred after the U.S. House of Representatives passed a government funding package to end a partial shutdown, lifting U.S. equity futures and other global markets. Precious metals…