Bitcoin climbs back above $64,000 as crypto mining stocks advance and AI-driven software selling pressure subsides.

Sellers appeared to pause after bitcoin’s Fear & Greed Index sank to unprecedented lows, signaling extreme bearish sentiment across the market.

Bitcoin (BTC) climbed back above $64,000 in early U.S. trading Tuesday, mirroring a broader recovery in risk assets following several volatile sessions. Recently changing hands near $64,200, bitcoin was still down 0.75% over the past 24 hours but had rebounded notably from its intraday low around $62,500. Ether (ETH) and solana (SOL) also pared steep early declines.

Crypto’s close relationship with technology equities remained on display. Software stocks — tracked by the iShares Software Sector ETF — rose 1.7% after suffering sharp losses in recent sessions amid concerns that artificial intelligence tools could disrupt traditional business models.

The rebound followed partnership announcements between established firms such as Intuit and DocuSign with AI startup Anthropic, suggesting legacy software players may be able to integrate AI capabilities rather than be displaced by them.

At the same time, traditional safe-haven assets weakened. Gold declined 1.5%, while crude oil slipped 0.5% as geopolitical tensions showed signs of easing. Media reports cited comments from Iran’s deputy foreign minister, Majid Takht-Ravanchi, who said Tehran “is ready to take any necessary step to reach a deal with the U.S.,” reducing fears of an imminent military confrontation.

Equity markets responded positively. The tech-heavy Nasdaq 100 advanced 1.1%, while the broader S&P 500 gained 0.8%.

High-performance computing firms and bitcoin miners — sectors increasingly intertwined with AI-driven data center demand — also moved higher. Shares of Bitdeer, Cipher Mining, Hut 8 and TeraWulf jumped between 6% and 10%.

Elsewhere in crypto-linked equities, performance was more mixed. Coinbase, MARA Holdings and Strategy posted modest declines of 0.5% to 1%, lagging the broader rebound.