Bitcoin rose back above $87,000 on Monday, helping drive a broad rebound across crypto-related stocks, particularly miners that have pivoted into AI and high-performance computing.
The move higher follows last week’s sharp downturn in digital assets. Sentiment improved after Amazon (AMZN) announced plans to invest up to $50 billion in artificial intelligence and supercomputing infrastructure for the U.S. government—a sizable commitment that lifted confidence across tech and crypto markets.
By midday on the East Coast, the Nasdaq was up 2.3% and the S&P 500 had advanced 1.4%, reflecting renewed strength in growth sectors.
Bitcoin miners aligned with AI trends were among the session’s biggest winners. Cipher Mining (CIFR) jumped 18%, while CleanSpark (CLSK) and IREN (IREN) each climbed 13%. Hut 8 (HUT) added 9%.
Major crypto-exposed firms also traded higher, with Coinbase (COIN), Galaxy Digital (GLXY) and Bullish (BLSH) recording gains of 4%–5%.
