Live updates: Bitcoin manages small gains as stocks drop on AI concern, oil surges
Bitcoin and Ether saw minor gains while traditional stock markets declined due to concerns over AI-related volatility and rising oil prices. Major tech stocks and chipmakers experienced losses as investors reacted to market uncertainty.
Why it matters
The divergence between crypto assets and traditional tech stocks highlights shifting investor sentiment regarding the sustainability of the current AI-driven market rally.
Cryptocurrencies, in contrast, rose. Bitcoin (BTC) gained about 1% over the past 24 hours to $77,800, while ether (ETH) added 1% to $2,500.
Anthropic CEO Dario Amodei called for the industry to slow development to allow safety measures to catch up. OpenAI CEO Sam Altman and Elon Musk, whose xAI developed Grok, voiced agreement. Anthropic also reportedly selected Nasdaq for its anticipated IPO, while Altman confirmed his company will not go public in 2026.
Also covering this story
23 other newsrooms covered this event. We read each version separately.
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