Bitcoin recovered on Thursday, moving back above the $77,000 level after recent losses, as a stronger global risk appetite boosted demand for cryptocurrencies along with equities.
The world’s largest cryptocurrency was last up 1.13 percent at $77,169 as of 8:12 GMT, after earlier in the week falling toward the $75,000 range.
Bitcoin surged over 13 percent in April, supported by optimism surrounding a temporary U.S.–Iran ceasefire and record highs in U.S. stock markets.
Resilient equity markets boost investor confidence
Earlier in April, Bitcoin climbed past $79,000, driven by optimism about a possible easing of tensions in the Middle East and robust inflows from institutional investors. In the near term, a major resistance level for Bitcoin is around $80,000, which has consistently limited upward momentum over the past month.
Investor sentiment has been bolstered by resilient equity markets, with the S&P 500 and Nasdaq repeatedly reaching record highs in recent sessions, encouraging demand for higher-risk assets such as cryptocurrencies.
Sentiment was also lifted by strong earnings from Apple, which reinforced optimism around the technology sector. The results were supported by robust iPhone sales and record revenue from services.
Ongoing geopolitical uncertainty limits gains
In recent weeks, Bitcoin has increasingly tracked broader macro risk trends, often mirroring equity performance during periods of abundant liquidity and positive market sentiment.
However, Bitcoin’s upside has remained limited amid ongoing geopolitical uncertainty. On Thursday, reports suggested that U.S. President Donald Trump was due to be briefed on possible military action options against Iran, heightening concerns over potential escalation.
Iran has warned that any renewed U.S. strike would trigger “long and painful strikes” targeting American positions across the region.
Meanwhile, the Strait of Hormuz has remained effectively closed, sustaining severe disruption to global energy flows. Brent crude briefly surged past $126 per barrel this week before easing back on Friday amid volatile trading conditions.
Read: Stablecoin supply exploding 12x by 2030: Can banks master the great wholesale rewiring?
Ethereum rises to $2,285.36
The world’s second-largest cryptocurrency, Ethereum, rose 1.27 percent to $2,285.36.
XRP, ranked third by market value, gained 0.42 percent to $1.3785.
Solana advanced 1.26 percent to $84.180, while Cardano added 1 percent to $0.2489. Polygon also posted a modest gain of 0.6 percent.
In the meme coin segment, Dogecoin climbed 1.42 percent.
