Bitcoin Surges as US Stock Index Futures Rise on AI Developments

US stock index futures rose on Monday as investors tracked AI-related developments and oil prices ahead of the new trading week.

The S&P 500, Dow Jones, and Nasdaq all gained between 0.7% to 1.1% by 5:56 a.m ET (09:56 GMT) due to a mix of factors.

Crypto-linked stocks surged in premarket trading after Bitcoin reached its highest level in over seven months at $84,435.90, up 5.1% for the week.

Investors may be looking past the Federal Reserve's recent rate increase and focusing on lower oil prices that have eased inflation concerns.