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

Bitcoin traded in a tight range around $68,000 on Wednesday, showing a 0.9% gain, as market volatility and funding rates cooled following a recent selloff. Derivatives markets indicate stabilization, with open interest at $15.5 billion and funding rates flat to slightly negative, suggesting a balanced market despite institutional conviction remaining steady. Meanwhile, the Trump-backed WLFI token surged nearly 19% in 24 hours ahead of a high-profile crypto forum at Mar-a-Lago, which will feature executives from major firms. The altcoin market showed mixed results, with Monero and ADA gaining while Zcash and Hyperliquid fell. Traders are awaiting the Fed's meeting minutes for monetary policy hints, and there is caution that the WLFI rally might lead to a 'sell the news' event.

(Source：CoinDesk)