Cryptocurrencies started the week with strong momentum as Bitcoin broke out of a six-week range, hitting $74,500—a 3.9% gain in 24 hours—and eyeing the $75,000 mark. The bounce from the February bottom of $60,000 now reaches nearly 25%. Similar rebounds occurred multiple times during the 2022 crypto winter but failed, culminating in a flush below $16,000 after the FTX collapse. Whether this rally holds remains to be seen.
Altcoins Outpace Bitcoin; ETH, SOL, ADA Up Over 7%
Ether (ETH), Solana (SOL) and Cardano (ADA) each rose more than 7% in the past 24 hours, signaling renewed risk appetite after a period where capital concentrated in Bitcoin.
US Stocks Rebound, Oil Eases as Geopolitical Tensions Relax
The Nasdaq and S&P 500 both gained over 1% in morning trading, recovering from recent losses. Crude oil futures dropped about 4% after briefly topping $100/barrel over the weekend, as tensions around the Strait of Hormuz appeared to ease. Some Pakistani oil tankers reportedly crossed the strait, indicating traffic has not been fully disrupted. President Donald Trump called on other nations to help secure the waterway.
Crypto-Related Stocks Climb; Circle Up 6%
Circle (CRCL) rose 6%, Strategy (MSTR) gained roughly 5%, and Coinbase (COIN) was about 3% higher on Monday.
AI Infrastructure Deal: Nebius and Meta Sign $27 Billion Agreement
Amsterdam-based AI infrastructure provider Nebius (NBIS) signed a five-year agreement with Meta (META) valued at up to approximately $27 billion. Under the deal, Nebius will provide roughly $12 billion in dedicated AI compute capacity across multiple locations, built on one of the first large-scale deployments of NVIDIA systems to support Meta’s expanding AI workloads. This marks one of the largest AI compute partnerships announced this year.