Crypto markets may be finding their footing again after several volatile sessions tied to escalating tensions in the Middle East. Bitcoin (BTC-USD) climbed as much as 5.7% on Wednesday to briefly move above $71,890, marking its highest level in nearly a month, before trimming some gains to around $71,343 in early New York trading. Ether followed the move higher, rising as much as 6.3% to roughly $2,092, while the broader digital asset market turned positive alongside a rebound in US equity futures and European stocks.

The recovery comes after a sharp selloff that began when US and Israeli forces attacked Iran on Saturday, a development that briefly pushed Bitcoin down to about $63,038 that day. Since then, flows appear to be returning to…