Skip to content

Amazon’s $50B AI Push Sparks Crypto Rally, Lifts Bitcoin Above $87K

Photo by Christian Wiediger / Unsplash

Bitcoin and the broader crypto market rebounded Monday after Amazon announced a massive $50 billion investment to expand U.S. artificial intelligence and supercomputing infrastructure.

The move restored risk appetite across financial markets, lifting the Nasdaq by more than 2% and pushing bitcoin back above $87,000 after last week’s steep sell-off.

Crypto-related stocks rallied sharply. Bitcoin miners that recently shifted toward AI and high-performance computing saw the biggest boost: Cipher Mining jumped 18%, CleanSpark and IREN climbed about 13%, and Hut 8 rose 9%. Coinbase, Galaxy Digital and Bullish also posted gains of 4% to 5%.

While bitcoin remains down more than 7% week over week, Amazon’s announcement eased concerns after a turbulent few days in the digital asset space.

Investors viewed the tech giant’s investment as a long-term bullish signal for AI-linked infrastructure — a sector increasingly intertwined with crypto mining and high-performance computing.

Also read:

Why JPMorgan Is Facing A Crypto Backlash Over New Debanking Allegations
JPMorgan is facing a sharp backlash from the crypto community after a series of events revived fears of “Operation Chokepoint 2.0,” the allegation that big banks and regulators are quietly cutting crypto firms off from financial services. Tensions escalated when MSCI proposed new index rules that would exclude companies
Japan Moves Toward Crypto Investment Trusts As Demand Surges
Japan’s largest asset managers are preparing to launch the country’s first cryptocurrency investment trusts as regulators move toward easing long-standing restrictions. JUST IN: 🇯🇵 Japan’s largest asset managers including Nomura are planning to launch #Bitcoin and crypto investment products. Asia is coming 🚀 pic.twitter.com/5pbsYbNjol — Bitcoin Magazine

Comments

Latest