Bitcoin surged above $103,000 on Thursday as global stock markets rebounded, driven by positive U.S. economic data. The rise in risk appetite followed an eight-month high in U.S. services activity and stronger-than-expected private payrolls, which boosted Wall Street and eased concerns over tech valuations. Ethereum also saw gains, reaching $3,440, while altcoins such as $HYPE, $AVAX, $UNI, and $WLFI experienced significant increases. The crypto market benefited from cleaner positioning in derivatives after recent volatility, aligning with the equity market's upward trend. Traders are closely monitoring Bitcoin's $100,000 support level and the resistance range between $105,000 and $107,000.