Bitcoin climbs above $77,000 amid tech stock selloff

Bitcoin climbs — Bitcoin’s price rose above $77,000 on Tuesday, moving independently from a broader selloff in technology stocks driven by concerns over artificial intelligence safety.

While major tech equities faced pressure from calls to slow AI development, Bitcoin demonstrated resilience. The leading cryptocurrency’s performance diverged from traditional risk assets, which were also weighed down by rising oil prices adding inflationary pressure to markets.

The price action highlights a potential decoupling narrative, where Bitcoin is increasingly viewed by some investors as a distinct asset class rather than purely a risk-on tech proxy. Market observers noted the move occurred despite a generally risk-off sentiment across other financial sectors.

This divergence comes as the crypto market continues to digest macroeconomic signals, with traders assessing Bitcoin’s role amid shifting correlations with equities and commodities.