Bitcoin BTC$76,842.32 added as much as 1.9% since midnight UTC to $78,280, with crypto being one of the two major asset classes in the green on Monday; oil also climbed.
Ether ETH$2,470.40 rose 2.1% and XRP gained 3.3%. All but six of the CoinDesk 100 constituents are higher on the day, the broadest advance for two weeks.
Nasdaq 100 index futures dropped 1.65% and S&P 500 futures fell 0.7%, while gold slipped 0.8% and silver 1.7%. The Dollar Index has firmed 0.5%.
Global AI stocks sold off after Anthropic CEO Dario Amodei used a weekend essay to argue that AI companies should slow the pace of development of their most capable models on safety grounds, a position other technology figures publicly backed. Nvidia NVDA$218.90 fell 2.4% in premarket trading, Intel (INTC) 5.6% and Marvell Technology (MRVL) 6.3%, while South Korea's Kospi benchmark slid 3.26%.
Oil is the second pressure point, with crude rising almost 4% after Saudi Arabia shut a pipeline that bypasses the Strait of Hormuz, extending a rally that took U.S. crude above $100 last week for the first time since May.
Crypto appears to be immune to both tech woes and a rise in AI fears, with no crypto-specific catalyst behind Monday’s move to the upside. Still, bitcoin remains below the month’s high of $82,284 as it consolidates following a short squeeze that lifted prices from $64,000 in August.
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Source
This article is syndicated for educational reading. For the latest updates, visit the original publisher.
Read on coindesk.com
