Bitcoin pushed back above $87,000 on Monday, leading a rebound across crypto markets as miners tied to AI and high-performance computing outperformed.
The recovery follows last week’s sharp market pullback. Confidence improved after Amazon (AMZN) announced it will invest up to $50 billion to expand artificial intelligence and supercomputing capabilities for the U.S. government—a move that lifted sentiment across both tech and digital assets.
By midday on the East Coast, the Nasdaq was up 2.3% and the S&P 500 had gained 1.4%, reflecting broad strength in growth-oriented sectors.
Bitcoin miners with AI-focused strategies saw some of the day’s strongest gains. Cipher Mining (CIFR) rallied 18%, while CleanSpark (CLSK) and IREN (IREN) rose 13% apiece. Hut 8 (HUT) advanced 9%.
Elsewhere in the crypto sector, major publicly traded players including Coinbase (COIN), Galaxy Digital (GLXY) and Bullish (BLSH) moved higher, each climbing 4%–5%.
