Bitcoin BTC$64,309.21 After several turbulences, it tracked a broad rebound in risk assets, topping $64,000 in early U.S. trading on Tuesday.
Bitcoin, which recently traded at $64,200, is still down 0.75% over the past 24 hours, but well above its morning low of $62,500. Ether (ETH) and Solana (SOL) also pared back significant early losses.
The close correlation between cryptocurrencies and technology stocks remains evident, with software stocks represented by the iShares Software Sector ETF (IGV) gaining 1.7% after recent heavy losses on worries that artificial intelligence (AI) tools will disrupt business models.
The gains came after some companies, including Intuit and DocuSign, announced partnerships with AI company Anthropic, suggesting incumbents may be able to adapt rather than be forced out.
Meanwhile, traditional safe havens have lost ground. Gold fell 1.5% in the session as geopolitical tensions eased, while oil fell 0.5%. Iran’s Deputy Foreign Minister Majid Takht Ravansi reportedly said, “We are ready to take all necessary steps to reach an agreement with the United States,” allaying fears of an imminent military attack.
The tech-heavy Nasdaq 100 rose 1.1%, while the broad-based S&P 500 rose 0.8%.
High-performance computing companies and Bitcoin miners have also joined the movement as they increasingly connect with AI datacenter infrastructure. Bitdeer (BTDR), Cipher Mining (CIFR), Hut 8 (HUT), and TeraWulf (WULF) led the gains, rising 6%-10%.
Many of the remaining crypto-related sectors declined modestly, with Coinbase (COIN), MARA Holdings (MARA), and Strategy (MSTR) posting losses of 0.5% to 1%.
