According to Barron’s, bitcoin traded at around US$97,500 Thursday morning, up 3.5 percent over 24 hours.
Despite volatility earlier in the week — including a dip after weaker-than-expected US GDP data — the cryptocurrency bounced back alongside major stock gains.
Microsoft and Meta earnings helped lift markets, while investors awaited Friday’s jobs report for the next macro trigger.
Traders are now watching whether bitcoin can reclaim the key US$100,000 threshold, which it last crossed on February 7, according to Dow Jones Market Data.
Other major cryptocurrencies also rose: ether jumped 5.8 percent, Solana gained 7.6 percent, and XRP increased 4 percent.
