CoinDesk
BTC held near $77,800 on Monday, up roughly 1% over 24 hours, while ether (ETH) traded around $2,500, also up about 1%. The session marked a sharp divergence from US tech stocks and chip names, which fell after leading AI CEOs renewed concerns about the pace of AI development.
Anthropic CEO Dario Amodei called for the industry to slow development to let safety measures catch up. OpenAI's Sam Altman and Elon Musk voiced agreement. South Korea's Kospi fell 3% with SK Hynix down 6% on memory-chip exposure. The Invesco QQQ ETF, tracking the Nasdaq 100, dropped 1.5% in pre-market trading.
Why it matters
When AI-specific catalysts drag down tech and a $107 oil shock hits cyclicals, and Bitcoin shrugs, the pure-risk-asset framing of crypto gets a real test. The relative-strength tape, not the absolute price level, is what matters here.
Market impact
Brent crude climbed more than 3% to $107 a barrel, with WTI above $103. Neocloud providers Nebius and CoreWeave fell 6% and 5% respectively. Gold dropped almost 1% to around $4,300 an ounce, and longer-dated yields eased with the US 10-year just below 5%. Watch whether BTC holds through the US cash open.
Frequently asked questions
-
Why is Bitcoin holding up while stocks are selling off?
BTC and ETH are up about 1% each while Nasdaq 100 futures drop 1.5% and SK Hynix falls 6%, suggesting crypto is decoupling from a risk-off move driven by AI safety warnings and an oil price surge past $107 a barrel.
-
What triggered the equity sell-off on Monday?
Anthropic CEO Dario Amodei called for slowing AI development to let safety measures catch up, with Sam Altman and Elon Musk reportedly in agreement, reigniting concerns about the pace of AI investment across the sector.
-
How high has oil climbed?
Brent crude rose more than 3% to $107 a barrel, with WTI trading above $103, adding a fresh growth-and-inflation worry on top of the AI-driven tech correction.
-
Where are BTC and ETH trading right now?
Bitcoin held near $77,800 on Monday, up roughly 1% over 24 hours, while ether sat around $2,500, also up about 1% on the session.
-
Does this signal a structural decoupling between crypto and equities?
A single session of relative strength is not a structural break, but when AI-specific and oil-specific catalysts hit equities and BTC holds green, it weakens the pure-risk-asset framing that still dominates some macro desks.
CoinTelegraph
CryptoSlate
WuBlockchain
WatcherGuru
TheBlock