After the opening of U.S. stocks on Monday, there was a clear divergence between the AI industry chain and crypto assets. Affected by the expectation that the growth of AI may slow down, chip stocks generally declined; at the same time, Bitcoin continued to rebound, rising to $78,280 at one point, driving Ethereum and XRP to rise in tandem.
AI Cautious outlook dampens chip stocks
The CEO Dario Amodei stated over the weekend that, for safety considerations, the AI laboratory should proactively slow down the pace of improving model capabilities. The CEO Sam Altman and Elon Musk, who is in charge of xAI, subsequently publicly agreed with this view.
This statement was quickly transmitted to the secondary market. During trading on Monday, NVIDIA fell by about 3%, Intel fell by more than 5%, AMD fell by about 6%, and Marvell Technology saw a decline of up to 7.5% at one point. The Philadelphia Semiconductor Index fell by nearly 6%, becoming the main source of pressure for the tech sector that day.
Bitcoin moves upward against the trend
Unlike the decline in chip stocks, the crypto market as a whole strengthened on that day. Bitcoin once rose to $78,280, an increase of nearly 2% from the zero point on UTC, and is still about 4.8% below this month's high of $82,284.
Ethereum rose by 2.1% to around $2,514; XRP rose by 3.3%. The total market value of the overall crypto market increased by about 1.5%.
- Bitcoin once rose to $78,280
- Ethereum is trading at around $2,514.
- The total market value of encryption has increased by approximately 1.5%.
The market continues to trade interest rates in line with regulatory expectations.
Recently, the trend of Bitcoin has still been fluctuating around interest rate expectations. At the end of August, hawkish statements by Federal Reserve officials caused Bitcoin to fall to $76,877; on September 3, as Federal Reserve governor Waller signaled support for maintaining the status quo, the market saw a short covering of over $415 million, and Bitcoin subsequently returned above $80,000.
In addition to interest rate factors, the progress of crypto legislation in the United States is also supporting sentiment. Over the weekend, the probability that the U.S. Congress will pass the Clarity Act in 2026 on Polymarket rose to 31%. Previously, Trump agreed to the updated ethical provisions, which pushed this bill, which had been stalled since July, forward again.
The Senate is expected to vote on procedurally terminating debates on Tuesday. Since a threshold of 60 votes is required for the bill to pass, the final outcome may still have an impact on the short-term sentiment in the crypto market.
