Bitcoin rebounded on Thursday, climbing back above $77,000 as stock markets hit fresh record highs and investor appetite for risk assets improved.
The world’s largest cryptocurrency traded 1.8% higher at $77,143. It had pulled back to lows near $75,000 earlier in the week before recovering.
Bitcoin jumped 12% in April, helped by optimism around a temporary U.S.-Iran ceasefire and a strong run on Wall Street.
Earlier in April, Bitcoin had briefly rallied above $79,000. A key resistance level at $80,000 has repeatedly capped further gains over the past month.
Analysts say Bitcoin has increasingly moved in line with broader market trends, behaving more like equities during periods of high liquidity and positive sentiment.
The S&P 500 closed above 7,200 for the first time on record Thursday, gaining just over 1%. The Dow Jones Industrial Average surged more than 790 points, a gain of 1.6%. The Nasdaq Composite added nearly 0.9% and also reached a new high.
US stock futures edged slightly higher on Friday morning, building on Thursday’s gains.
Apple reported better-than-expected fiscal second-quarter results after the closing bell. The stock jumped roughly 3% in after-hours trading. Strong iPhone sales and growth in China were key highlights from the report.
Investor sentiment has also been supported by a solid first-quarter earnings season overall. All three major indexes now sit well above where they started 2026.
Geopolitical uncertainty is keeping a lid on Bitcoin’s gains. Reports on Thursday said President Trump was set to be briefed on potential military options against Iran.
IRAN WAR “FINAL BLOW” BRIEFING REPORTED
CENTCOM Commander Adm. Brad Cooper briefed President Trump in the Situation Room on a potential “final blow” to Iran, per Fox News.
Axios reports Trump currently views the naval blockade as his main leverage, but could consider military… pic.twitter.com/szyy4nwpzt
— Coin Bureau (@coinbureau) May 1, 2026
Iran warned that any U.S. attack would trigger “long and painful strikes” on American positions in the region. The Strait of Hormuz remained effectively shut, and Brent crude surged above $126 per barrel before retreating.
Ethereum rose 1.6% to $2,284.74. XRP gained 0.6% to $1.38. Solana added 1.6% and Cardano climbed 1.3%.
Dogecoin led meme tokens with a 2.4% gain.
Looking ahead, markets are watching earnings from Exxon Mobil, Chevron, and Moderna before Friday’s open.
The post Daily Market Update: Bitcoin Holds $77K as S&P 500 and Nasdaq Hit Record Highs appeared first on CoinCentral.
