Bitcoin Holds Firm Amid Wall Street Tech Selloff
Monday's premarket trading on Wall Street was marked by losses in AI-related stocks, but Bitcoin defied expectations by holding steady above $77,000. The selling pressure in chip stocks like Nvidia, Intel, and AMD was particularly pronounced, with each falling more than 2%.
The Nasdaq 100 E-mini futures declined 1.72%, while the S&P 500 futures fell 0.70% and Dow futures dipped 0.18%. The uneven losses suggested a selective repricing of risk assets, with the broader market still facing a test at the opening bell.
The commercial implications of the weekend calls to pace AI development by Anthropic CEO Dario Amodei remain uncertain. Reuters reported that Elon Musk and Sam Altman agreed with Amodei's call, but President Donald Trump downplayed the need for a coordinated approach, emphasizing the US lead over China.