Bitcoin reclaimed the $87,000 level on Monday, strengthening alongside a broad rally in crypto-related equities—most notably miners expanding into AI and high-performance computing.
The bounce comes after a sharp downturn last week across risk assets, particularly in digital currencies. Sentiment improved after Amazon (AMZN) revealed plans to allocate up to $50 billion toward building out artificial intelligence and supercomputing infrastructure for the U.S. government. The announcement provided a meaningful tailwind for both tech stocks and the crypto sector.
By midday on the U.S. East Coast, the Nasdaq had climbed 2.3%, while the S&P 500 was up 1.4%.
Companies most leveraged to the AI-infrastructure trend saw the strongest moves. Cipher Mining (CIFR) surged 18%, with CleanSpark (CLSK) and IREN (IREN) each advancing 13%. Hut 8 (HUT) added 9%.
Major crypto-exposed names also joined the rally. Coinbase (COIN), Galaxy Digital (GLXY), and Bullish (BLSH) posted gains in the 4%–5% range.
About The Author
More Stories
MARA sold $1.5 billion worth of bitcoin while transitioning its focus to AI infrastructure.
BTC Touches $82,000 Momentarily, Altcoins Rise as Michael Burry Flags Stock Risk
“Much Ado About Nothing”: Michael Saylor Responds to Bitcoin Sale Questions