Bitcoin Price Rebounds Above $78,000 Amid Global Risk Appetite

Bitcoin's price rebounded above $78,000 on Friday, driven by improved global risk appetite and strong performance in equities. The cryptocurrency market is closely tied to Wall Street's record highs, with Bitcoin tracking the same trends as macro assets.

The world's largest cryptocurrency last traded 2.4% higher at $78,281 by 09:39 ET (13:39 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.

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. However, gains in Bitcoin remained capped as geopolitical risks persisted, with reports indicating that U.S. President Donald Trump was set to receive a briefing on potential military options against Iran.