Bitcoin moved above $77,000 as technology shares faced pressure from calls to slow the development of artificial intelligence. CoinDesk reported that the crypto asset gained while concerns about AI safety weighed on the tech sector. Rising oil prices added another source of pressure across markets. The move places Bitcoin’s performance in contrast with the weakness in technology stocks, while energy markets remained relevant to the broader market backdrop. Brent and WTI were among the related assets, alongside several cryptoassets linked to the artificial-intelligence and digital-asset sectors. The report did not provide further details on the scale or duration of Bitcoin’s rise.
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CoinDesk
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