Bitcoin rose sharply late Thursday and held gains into early Asian trading on Friday as oil prices steadied near $100 a barrel and markets reacted to comments from US Treasury Secretary Scott Bessent aimed at calming energy markets. The cryptocurrency briefly climbed above $72,000 after Bessent said the US government would temporarily allow purchases of Russian oil stranded at sea, a move intended to increase supply and ease pressure on global energy markets. Bitcoin was trading around $71,395 after rising as much as 2.6%, while US stock index futures also pointed modestly higher.
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