Bitcoin climbed back above 64000 on Tuesday, staging a rebound alongside a broader recovery in risk assets after several volatile sessions tied to artificial intelligence-driven fears in equity markets.
The world’s largest cryptocurrency was trading near 64200 during early US hours, recovering from an intraday low around 62500. Although still slightly lower on a 24 hour basis, the move marked a notable stabilization following heavy selling pressure that had weighed on digital assets in recent days.
Market sentiment had reached extreme levels earlier this week. The widely tracked Bitcoin Fear and Greed Index dropped to 5, a reading lower than levels recorded during the 2018 bear market, the 2020 pandemic crash, and the 2022 crypto winter. Such deeply pessimistic readings are often interpreted by traders as contrarian signals that selling may be nearing exhaustion.
The recovery in crypto prices coincided with a rebound in technology shares on Wall Street. The iShares Expanded Tech Software Sector ETF rose roughly 1.7 percent after suffering steep declines amid concerns that advances in artificial intelligence could disrupt traditional software business models.
Recent partnership announcements helped calm investor nerves. Companies including Intuit and DocuSign signaled collaboration efforts with AI developer Anthropic, suggesting that established firms may adapt to AI integration rather than being displaced by it.
Crypto markets have maintained a strong correlation with technology stocks throughout the current cycle, making them sensitive to shifts in sentiment around AI and growth equities. As fears eased, digital assets responded in tandem with the Nasdaq 100 and the broader S and P 500, both of which posted gains during the session.
High performance computing companies and bitcoin miners also rallied sharply. Firms such as Bitdeer, Cipher Mining, Hut 8, and TeraWulf recorded gains ranging from six to ten percent. Many mining operations are increasingly linked to AI data center infrastructure, creating an overlap between crypto mining capacity and high performance computing demand.
Not all crypto related equities participated equally in the bounce. Shares of Coinbase and MARA Holdings traded modestly lower, reflecting ongoing caution among investors.
Traditional safe haven assets moved in the opposite direction. Gold prices declined while crude oil slipped as geopolitical tensions showed signs of easing, reducing demand for defensive positioning.
For now, bitcoin’s recovery above 64000 suggests that sellers may be pausing after an intense wave of fear driven by macro uncertainty and AI-related disruption concerns. Whether the rebound marks the beginning of a sustained recovery or merely a short-term relief rally will depend on broader market stability and renewed capital inflows into digital assets.
