Bitcoin Stabilizes Near $77,300 as Market Awaits Inflation Data

Bitcoin's price has stabilized around $77,300 after Thursday's decline, but it remains 0.87% lower over 24 hours and 6% below last week's high of $82,284.

The cryptocurrency's recovery on Friday was relatively modest, with a 0.7% gain since midnight UTC, and most of the market still carrying losses from the prior session.

However, other cryptocurrencies like Ether gained 1.6%, and Solana added just under 1%, while 68 out of 100 tracked crypto assets moved higher on the day.

The broader index advanced 0.5% but remained 1.6% lower over 24 hours, with traditional markets also firming up S&P 500 futures rose 0.48%, and Nasdaq futures gained 0.56%.