#BTC Bitcoin rebounded on Thursday, climbing back above the $77,000 mark after recent declines, as improving global risk appetite lifted demand for cryptocurrencies alongside equities.
The world’s largest cryptocurrency last traded 1.8% higher at $77,143 by 02:27 ET (06:27 GMT), after pulling back earlier this week to lows near $75,000 levels.
Bitcoin jumped 12% in April amid optimism from a temporary U.S.-Iran ceasefire and record highs on Wall Street.
Earlier in April, Bitcoin had rallied above the $79,000 level amid optimism over potential de-escalation in the Middle East and strong institutional inflows.
A key near-term hurdle for Bitcoin remains the $80,000 resistance level, which has repeatedly capped rallies over the past month
☆CRYPTO TRACKS WALL STREETS RECORD HIGHS
Investor sentiment has been supported by resilient equity markets, where the S&P 500 and Nasdaq have repeatedly hit all-time highs in recent sessions, boosting appetite for higher-risk assets, including cryptocurrencies.
Investor sentiment was further supported by upbeat results from Apple Inc (NASDAQ:AAPL), reinforcing confidence in the tech sector. Strong iPhone demand and record services revenue were key drivers.
Analysts say Bitcoin has increasingly traded in line with macro risk trends, behaving similarly to equities during periods of heightened liquidity and optimism.
However, gains in Bitcoin remained capped as geopolitical risks persisted.
Reports on Thursday indicated that U.S. President Donald Trump was set to receive a briefing on potential military options against Iran, stoking fears of further escalation.
Iran has warned that any new U.S. attack would trigger “long and painful strikes” on American positions in the region.
The Strait of Hormuz remained effectively shut. Brent crude had surged to more than $126 per barrel earlier on Thursday before retreating later in the day.
☆CRYPTO PRICES TODAY:ALTCOINS RISE IN RANGE BOUND TRADING
World no.2 crypto Ethereum rose 1.6% to $2,284.74.
World no. 3 crypto XRP gained 0.6% to $1.38.
Solana rose 1.6% and Cardano added 1.3%, while Polygon edged up 0.6%.
Among meme tokens, Dogecoin climbed 2.4%.
#cryptotradingpro