Bitcoin pushed back above $64,000 in early U.S. trading Tuesday, tracking a broader rebound in risk assets after several sessions of turbulence.
Recently trading at $64,200, bitcoin was still lower by 0.75% over the past 24 hours, but well above the morning’s low of $62,500. Ether (ETH) and solana (SOL) also pared big early losses.
Crypto’s close correlation with technology stocks remained evident, with software stocks – as represented by the iShares Software Sector ETF (IGV) – jumping 1.7% after recent heavy losses on concerns that artificial intelligence (AI) tools will disrupt their business models.
The gains came as some companies, including Intuit and DocuSign, announced partnerships with AI firm Anthropic, signaling that incumbents might adapt rather than be displaced.
Meanwhile, traditional safe havens were losing ground. Gold fell 1.5% on the session, while crude fell 0.5% as geopolitical tensions eased. Reports quoted Iran’s Deputy Foreign Minister Majid Takht-Ravanchi as saying the country “is prepared to take any necessary step to reach an agreement with the United States,” allaying fears of an imminent military strike.
The tech-heavy Nasdaq 100 traded 1.1% higher, while the broad market S&P 500 rose 0.8%.
High-performance computing companies and bitcoin miners—increasingly tied to AI data center infrastructure—joined the move higher. Bitdeer (BTDR), Cipher Mining (CIFR), Hut 8 (HUT), and TeraWulf (WULF) led the gains, rising 6%-10%.
Much of the rest of the crypto-related sector was modestly lower, with Coinbase (COIN), MARA Holdings (MARA), and Strategi (MSTR) among those showing losses of 0.5%-1%.
