The crypto market continues to trade within a tight range on Wednesday, with bitcoin BTC$66,597.15 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$0.2737 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…