Bitcoin Bounces Back with 0.6% Gain as US Stock Futures Stabilize

Thursday's sharp falls in equities and cryptocurrencies, triggered by a jump in oil prices due to the U.S.-Iran conflict and concerns over AI spending from Tesla and Alphabet earnings, have stabilized overnight. The rise in oil prices has eased slightly on Friday but remains elevated, supporting expectations that the Federal Reserve could raise interest rates this year.

The stabilization of stock futures has had a positive effect on Bitcoin, with its price rising 0.6% to $65,509, according to LSEG data.