Bitcoin has seen a significant rebound after hitting lows near $75,000 on Wednesday, with its price hovering around the $78,000 mark.
The cryptocurrency's surge can be attributed in part to optimism over potential de-escalation in the Middle East, as well as record highs on Wall Street.
According to analysts, Bitcoin has increasingly traded in line with macro risk trends, behaving similarly to equities during periods of heightened liquidity and optimism.