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Bitcoin Trades Above $65,000 as Alphabet’s AI Spending Boosts Chip Stocks

Bitcoin Trades Above $65,000 as Alphabet’s AI Spending Boosts Chip Stocks
Bitcoin (BTC) is trading above the $65,000 mark, driven by a surge in the chip trade following Alphabet’s announcement of increased AI spending. The positive sentiment in the tech sector is spilling over into the cryptocurrency market, with investors viewing the AI boom as a catalyst for broader risk-on assets. This move highlights the growing correlation between traditional tech stocks and digital assets, as market participants anticipate further gains in both sectors.
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