CoinDesk
Bitcoin is trading near $63,300, up about 0.8% over 24 hours, while Ether sits near $1,691, up 1.8%, as a broad tech rally overnight failed to pull crypto meaningfully higher. BNB and Solana are the relative outperformers among the majors, each up roughly 2.3%.
Why it matters
The divergence is notable because the same correlation worked in reverse last week: crypto sold off alongside AI-linked equities when the rout was attributed to stretched chip valuations. Overnight, the AI dip-buyers returned — MSCI's Asia Pacific gauge rose 2.5%, South Korea's Kospi climbed as much as 8% with SK Hynix up 11%, and the Nasdaq 100 added 1.6% as a semiconductor index gained more than 5%. Crypto captured almost none of that upside, suggesting the beta relationship is asymmetric or that crypto-specific selling pressure remains elevated.
Market impact
Every major token is still deep in the red on the weekly timeframe: Bitcoin is off 10.8%, Ether down 16%, Solana and Hyperliquid both off roughly 17%, and Dogecoin down 14.7%. The modest intraday gains do little to repair those drawdowns. Traders watching the AI-crypto correlation will want to see whether crypto begins to close the gap if the equity rally extends, or whether the decoupling on the upside persists.
Frequently asked questions
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Why is crypto lagging the AI stock rebound if they sold off together last week?
The correlation appears asymmetric: crypto tracked AI equities lower when chip valuations were cited as the trigger, but the overnight equity bounce — Nasdaq 100 up 1.6%, semis up 5% — has not translated into equivalent crypto gains, suggesting crypto-specific selling pressure remains elevated.
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How much are major crypto tokens down on the week despite the intraday recovery?
Bitcoin is off 10.8% on the week, Ether is down 16%, Solana and Hyperliquid are both off roughly 17%, and Dogecoin is down 14.7%, meaning the modest intraday gains do little to repair the weekly drawdowns.
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Which tokens are outperforming Bitcoin in the current intraday move?
BNB and Solana are leading the major tokens with gains of roughly 2.3% each over 24 hours, compared to Bitcoin's 0.8% and Ether's 1.8%, per CoinDesk data.
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