Bitcoin moved back above the 64000 level during early U.S. trading, staging a modest rebound after several volatile sessions that shook broader crypto and technology markets. The recovery comes as risk appetite shows signs of stabilizing and extreme fear readings suggest selling pressure may be temporarily easing.
The leading cryptocurrency was recently trading near 64200 dollars after dipping as low as 62500 earlier in the day. Although still slightly lower on a 24 hour basis, the move marked a clear bounce from recent panic driven declines. Ether and Solana also narrowed earlier losses, reflecting improving sentiment across major digital assets.
One of the most striking signals during the recent selloff has been the plunge in the Bitcoin Fear and Greed Index, which dropped to a reading of 5. This level represents extreme fear and has not been observed even during major historical downturns such as the 2018 bear market, the 2020 pandemic crash, or the 2022 crypto winter. Such readings often indicate that capitulation selling may be nearing exhaustion, though volatility typically remains elevated in these environments.
The crypto rebound coincided with a recovery in U.S. technology stocks. The iShares Expanded Tech Software Sector ETF, widely tracked under the ticker IGV, gained 1.7 percent after weeks of sharp declines linked to concerns that artificial intelligence advancements could disrupt traditional software business models. Some of those fears eased as established firms announced new AI partnerships aimed at adapting to the evolving landscape rather than being displaced by it.
The broader equity market also traded higher, with the Nasdaq 100 advancing more than one percent and the S&P 500 posting solid gains. At the same time, traditional safe haven assets such as gold slipped, and oil prices edged lower following reports of easing geopolitical tensions in the Middle East.
Crypto mining stocks were among the strongest performers during the session. Shares of Bitdeer, Cipher Mining, Hut 8, and TeraWulf rallied between 6 and 10 percent. These companies have increasingly positioned themselves at the intersection of bitcoin mining and high performance computing infrastructure, particularly as demand for AI data center capacity expands.
However, not all crypto related equities participated equally in the bounce. Shares of Coinbase and MARA Holdings were modestly lower, reflecting selective investor positioning.
The renewed move above 64000 suggests traders are reassessing risk after an intense period of fear driven selling. Whether the recovery develops into sustained upside momentum will likely depend on broader market stability, technology sector sentiment, and macroeconomic signals in the days ahead.
