Key Takeaways

• Bitcoin rebounds: The world’s largest cryptocurrency rose 1.8% to $77,143 after dipping near $75,000 earlier in the week.
• April winning streak: Bitcoin gained 12% in April amid the temporary U.S.-Iran ceasefire and Wall Street’s record-breaking run.
• $80K still the wall: The $80,000 resistance level continues to cap rallies, with the market unable to break through over the past month.
• Wall Street records help: The S&P 500 and Nasdaq have repeatedly notched all-time highs, lifting appetite for risk assets including crypto.
• Apple effect: Strong iPhone demand and record services revenue from Apple bolstered tech sector confidence and broader risk sentiment.
• Macro correlation deepens: Bitcoin is increasingly trading in line with equities during periods of heightened liquidity and optimism.
• Geopolitical clouds linger: Trump is reportedly being briefed on military options against Iran, with Tehran warning of “long and painful strikes” if attacked.
• Oil whipsaws: Brent crude touched over $126 per barrel before retreating.
• Altcoins climb: Ethereum rose 1.6% to $2,284.74, XRP gained 0.6% to $1.38, with Solana and Cardano also higher; Dogecoin jumped 2.4%.

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 was last trading 1.8% higher at $77,143 as of 02:27 ET (06:27 GMT), after pulling back earlier this week to lows near the $75,000 level.

Bitcoin jumped 12% in April on the back of optimism from a temporary U.S.-Iran ceasefire and record highs on Wall Street.

Earlier in April, Bitcoin had rallied above the $79,000 mark amid optimism over potential de-escalation in the Middle East and robust institutional inflows.

A key near-term hurdle for Bitcoin remains the $80,000 resistance level, which has repeatedly capped rally attempts over the past month.

Crypto Tracks Wall Street’s Record Highs

Investor sentiment has been buoyed by resilient equity markets, with the S&P 500 and Nasdaq repeatedly carving out all-time highs in recent sessions — fueling appetite for higher-risk assets, including cryptocurrencies.

Sentiment received an additional boost from Apple Inc.’s upbeat results, which reinforced confidence in the technology sector. Strong iPhone demand and record services revenue were the key drivers behind the iPhone maker’s blockbuster quarter.

Analysts note that Bitcoin has increasingly been trading in lockstep with macro risk trends, behaving much like equities during periods of heightened liquidity and optimism.

Geopolitical Risks Cap the Upside

However, Bitcoin’s gains remained restrained as geopolitical risks continued to simmer.

Reports on Thursday revealed that U.S. President Donald Trump was scheduled to receive a briefing on potential military options against Iran, fueling fears of further escalation in the conflict.

Iran has warned that any new U.S. attack would trigger “long and painful strikes” on American positions across the region.

The Strait of Hormuz remained effectively closed. Brent crude had surged above $126 per barrel earlier in the day on Thursday before retreating later in the session.

Crypto Price Today: Altcoins Rise in Range-Bound Trading

Ethereum, the world’s second-largest cryptocurrency, rose 1.6% to $2,284.74.

XRP, ranked third globally, gained 0.6% to $1.38.

Solana climbed 1.6% and Cardano added 1.3%, while Polygon edged up 0.6%.

Among meme tokens, Dogecoin rallied 2.4%.