Bitcoin jumps, stocks bounce as traders weigh US Treasury action

NEW YORK-- Bitcoin bounced and global stocks clawed back some of their recent losses on Friday as investors assessed the US Treasury's efforts to push down long-term borrowing costs. Bond yields were steady and oil prices rose as the United States and Iran remained deadlocked over a deal to reopen the Strait of Hormuz. That was enough to allow equities to bounce, after having largely fallen over the past week. Bitcoin climbed more than six percent to about $77,188 and is up more than 20 percent