
Bitcoin Climbs as AI Slowdown Calls Sink Nvidia, Intel and Other Chip Stocks
AI CEOs want the industry to pump the brakes on capability gains. Nvidia, Intel, and AMD didn't like the sound of that.
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AI CEOs want the industry to pump the brakes on capability gains. Nvidia, Intel, and AMD didn't like the sound of that.

Bitcoin rebounded past $78,000 on Monday, reaching around $78,972 after dipping to a Sunday low of $76,464. The move leaves the top cryptocurrency virtually flat compared to its Sept. 1 opening price.

Bitcoin (CRYPTO: BTC) should remain one's biggest crypto position, followed by Ethereum (CRYPTO: ETH) and a smaller Dogecoin (CRYPTO: DOGE) allocation, according to prominent analyst Kevin Capital. "It's worked for me more than once," Kevin wrote on X on Sunday, saying “life-changing gains” can be made with such an allocation in a bull cycle.

Cardano has scored a significant payments integration after receiving native support in the official x402 codebase.

Strive continued buying bitcoin last week and now holds nearly $2 billion in the cryptocurrency.

Solana processed over $3 trillion in cumulative DEX volume. Tokenized equity supply on Solana reached $684 million, up 47% in three weeks. The network commands roughly 97% of on-chain tokenized equities spot volume. More than 313,000 unique wallets hold $3.7 billion in non-stablecoin real-world asset value.

As I explained in my analysis last week, Bitcoin remains for now in a totally lateral market. The scenario I envisaged continues to unfold: the price oscillates between the 80,000-82,000 dollar zone and the 75,000-76,000 dollar zone, which currently acts as support.

DeFi Development Corp expanded its Solana treasury to 2.39 million SOL, recording an increase of 55,491 tokens since August 27. The company established a $300 million at-the-market offering for its perpetual preferred share CHAD, with an initial annual dividend rate of 13%.

Coinbase's September workshop shows signature choices and operational migration must advance together across exchanges, wallets and key-management systems.

Ripple expands RLUSD supply to a record high. The milestone arrives less than two years post-launch.

Symbiosis recovered about 15 BTC after its Bitcoin Bridge exploit, but the native bridge remains paused and LP compensation is still pending.

The semiconductor sector experienced substantial turbulence Monday as leading AI chip manufacturers saw sharp selloffs triggered by industry leader warnings regarding the pace of artificial intelligence advancement.

Cardano (ADA) price is up today as the broader crypto market recovers on optimism that CLARITY Act could pass after Senate Republicans released a revised text of the bill. Despite these gains, data from CoinGlass shows that smart money is not bullish on Cardano as the price nears resistance at the 200-day SMA.

The purchase brings the company closer to its goal of owning 5% of Ethereum's supply, with most of its tokens earning staking rewards.

BitFuFu's production surge highlights the growing trend of efficiency and capacity expansion in the competitive Bitcoin mining landscape. BitFuFu boosts Bitcoin production 55% to 174 BTC in August.