Bitcoin pushed back above $64,000 in early U.S. trading Tuesday, tracking a broader rebound in risk assets after several sessions of turbulence.
Trading recently at $64,200, bitcoin was still lower by 0.75% over the past 24 hours, but nicely above the morning’s low of $62,500. Ether (ETH) and solana (SOL) also narrowed big early losses.
Crypto’s tight correlation with technology stocks remained evident, with software shares — as represented by the iShares Software Sector ETF (IGV) — bouncing 1.7% after recent heavy losses on concerns that artificial intelligence (AI) tools will destroy their business models.
The gains came as some companies, including Intuit and DocuSign, announced partnerships with AI firm Anthropic,…
