Bitcoin Sees 9% Gain in May Amid AI Stock Volatility

Bitcoin has continued its upward trend, rising by 9% in May. The cryptocurrency held steady near $64,000 and experienced this increase despite the Federal Reserve's decision to keep interest rates unchanged.

The Mag 7 ETF had a particularly poor month, with its worst day since April 2025. South Korea's KOSPI index also plummeted by 16% over two days, triggering circuit breakers for the first time in its history.

This volatility is in stark contrast to Bitcoin's steady rise. The market is becoming increasingly cautious about AI investments, with investors focusing more on returns rather than just spending. This shift in focus was evident when SK Hynix reported a profit surge despite its stock decline.