Bitcoin gained on Friday alongside major equity indices after a robust U.S. jobs report indicated the domestic economy is strong. However, the report also cast uncertainty over a forthcoming cut in interest rates.

The world's largest cryptocurrency by market capitalization increased by 1% over the past 24 hours to $68,450 at 10:55 a.m. ET, according to The Block's Price Page. 

Stocks rebounded during early U.S. trading hours on Friday as traders evaluated the March jobs report. This follows Thursday's close, which marked the worst session on Wall Street in several months. 

The S&P 500 gained 0.6%, while the Dow Jones Industrial Average climbed 107 points, or 0.3%. The tech-heavy Nasdaq Composite advanced 0.8%.

March jobs data stronger than expected

In March, U.S. …