CoinDesk
Bitcoin crossed $77,000 in Asian trade Monday, gaining more than 1% even as U.S. technology stocks slid in pre-market on renewed AI safety calls from leading CEOs. Ether rose 1% alongside, with both assets holding bid through a session that punished almost every other risk sleeve. Brent crude spiked above $107 a barrel, gold fell nearly 1% to around $4,300 an ounce, and silver dropped 1.5%.
Why it matters
The price action frames crypto as the only risk asset decoupling from the broader macro selloff, and the catalyst is striking. Anthropic CEO Dario Amodei called over the weekend for the industry to slow AI development so safety measures can catch up. Sam Altman and Elon Musk, the two most prominent voices on the other side of the build-versus-pause line, publicly agreed. The market read the statement as a real brake on the AI capex narrative, not a polite gesture, and rotated first.
Market impact
The rotation shows up clean across asset classes. U.S. tech proxies bore the brunt: the Invesco QQQ ETF tracking the Nasdaq 100 fell 1.5% in pre-market trading, neocloud providers Nebius and CoreWeave dropped 6% and 5%, and SK Hynix slid 6% on Seoul's Kospi, which fell 3%. Brent crude climbed more than 3% to above $107, with WTI trading above $103, while longer-dated Treasury yields eased and the 10-year held just below 5%. Bitcoin and ether moved in the opposite direction of every other sleeve on the board, which is the structural read investors will be weighing into the New York open.
Frequently asked questions
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Why is Bitcoin rising while tech stocks are falling today?
Bitcoin gained more than 1% above $77,000 on Monday even as U.S. tech stocks sold off in pre-market after leading AI CEOs called for the industry to slow development.
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What triggered the tech selloff in pre-market trading?
Anthropic CEO Dario Amodei called over the weekend for the AI industry to slow development so safety measures can catch up, and Sam Altman and Elon Musk publicly agreed.
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How did oil prices move alongside crypto on Monday?
Brent crude climbed more than 3% to above $107 a barrel, with WTI trading above $103, adding pressure to risk assets across the board.
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Which tech stocks fell hardest in pre-market Monday?
Neocloud providers Nebius and CoreWeave dropped 6% and 5%, SK Hynix fell 6% on Seoul's Kospi which dropped 3%, and the Invesco QQQ ETF tracking the Nasdaq 100 fell 1.5%.
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What does the crypto decoupling signal for the broader market?
Bitcoin and ether held bid through a session that punished almost every other risk sleeve, including tech stocks, gold, and silver, framing crypto as the only major risk asset decoupling from the macro selloff.
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