On Thursday, despite unexpectedly strong unemployment and GDP data in the US, crypto investors remained focused on debt ceiling negotiations, with bitcoin hovering just below $26,500. The ongoing debt limit stalemate in the US has caused uncertainty for investors, leading to a lack of crypto-specific catalysts and a range-bound market.

While regulatory developments could shake things up, a research analyst at digital assets data provider Kaiko does not expect any dramatic price shifts in bitcoin in the near future.

Meanwhile, tech stocks rose after chipmaker Nvidia announced sales growth due to the expansion of artificial intelligence protocols, and safe haven asset gold continued its recent decline.