Bitcoin climbed above $73,000 on Thursday morning Asia time, posting its strongest single-day gain in weeks as investors rotated into digital assets amid continued Middle East tensions and renewed optimism around U.S. stablecoin legislation.

The largest cryptocurrency rose 7.29% to $73,255, while Ethereum gained 8.15% to $2,140. The rally lifted crypto-linked equities, with Coinbase (COIN) surging more than 15% after reports that US President Donald Trump met with CEO Brian Armstrong to discuss regulatory policy.

The broader equity market also recovered from Tuesday’s conflict-driven selloff. The S&P 500 closed up 0.78% at 6,869.50, while the Nasdaq Composite added 1.29%. The Dow Jones Industrial Average lagged, slipping…