Bitcoin Holds Near $78,000 as Wall Street Faces AI Stock Selloff

Bitcoin was trading just above $77,000 on Monday morning, while AI‑related chip stocks slipped and broader market futures opened lower.

Market backdrop

At 4:46 a.m. Eastern, Reuters reported Nasdaq‑100 E‑mini futures down 1.72%, S&P 500 futures down 0.70%, and Dow futures down 0.18%.

AI hardware under pressure

• Nvidia fell more than 2%.
• Intel and Marvell each slipped nearly 6%.
• AMD dropped about 5%.

Software stocks show resilience

• ServiceNow gained 3%.
• Adobe and Workday each rose 2.5%.

Bitcoin’s reference point

At 7:42 a.m. Eastern, CryptoSlate listed Bitcoin at $77,678. The level provides a benchmark for crypto investors as the U.S. cash market opens at 9:30 a.m. Eastern.

External factors

Oil prices were higher, with Brent crude up 3.6% to $108.31 and U.S. WTI crude up 3.3% to $103.35, adding additional market pressure.

Potential scenarios

If the AI‑related selloff remains concentrated, broader indices could hold while Bitcoin stays firm. A broader retreat across equities would likely pull Bitcoin lower, indicating a more persistent risk‑off move.

Outlook

The session’s direction will hinge on whether equity losses narrow after the open and whether Bitcoin can maintain its position above $77,000.