NEW YORK: Bitcoin and global stocks recovered some recent losses on Friday as investors assessed US efforts to ease long-term borrowing costs. Bond yields remained steady while oil prices rose amid a US-Iran deadlock over reopening the Strait of Hormuz. Bitcoin surged more than 6% to around $77,188, its highest level since May, supported by increased liquidity and Donald Trump’s push for crypto legislation. Investors, however, remained concerned about inflation and rising government debt.
Bitcoin and global stocks rebound amid market uncertainty
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