Bitcoin retakes $64,000, crypto miners rally, as AI-related software rout eases

Bitcoin pushed back above $64,000 in early U.S. trading Tuesday, recovering from earlier losses as risk assets broadly rebounded. This recovery coincided with a bounce in software stocks, which had recently suffered losses due to fears that AI tools would undermine their business models. The easing of these AI-related concerns was partly attributed to announcements of partnerships between established companies like Intuit and DocuSign with AI firm Anthropic, suggesting adaptation is possible. Traditional safe havens like gold and oil also declined as geopolitical tensions eased. Crypto miners, whose performance is increasingly linked to AI data center infrastructure, rallied significantly, with firms like Bitdeer and Cipher Mining seeing gains of 6%-10%, while some other crypto-related stocks showed minor losses.

(Source：CoinDesk)