Crypto enthusiasts are once again observing from the sidelines as the debasement trend persists and risk assets generally rise during the U.S. trading session.
On Monday, gold emerged as the standout asset, rallying 2% to a new all-time high of $4,475 per ounce. Silver also saw a gain of 1.6% and reached a fresh record just shy of $70 per ounce.
Shortly after noon on the East Coast, the Nasdaq and S&P 500 indexes each posted gains of 0.6%, while the U.S. dollar index dipped by 0.3%.
After briefly surpassing $90,000 during the Asian and European trading sessions, bitcoin has retraced closer to $89,000, although it remains up over the last 24 hours, continuing to lag behind most major asset classes.
Ether , solana and are also in positive territory on Monday, although they have retreated from their earlier highs before the U.S. trading opened.
AI sector remains robust
A review of crypto-related stocks highlights that bitcoin miners transitioning to focus on AI infrastructure and high-performance computing are significantly outperforming on Monday.
Contributing to the optimism in that sector was an announcement from Alphabet (GOOG) regarding the acquisition of AI infrastructure start-up Intersect for $4.75 billion. “This acquisition,” stated Alphabet, “will allow us to bring more data center and generation capacity online more quickly while enhancing energy development and innovation.”
Hut 8 (HUT) is leading the way with a 17.5% increase. IREN (IREN), Cipher Mining (CIFR), and Bitfarms (BITF) are showing gains between 5% and 10%.
In other crypto sectors, Circle (CRCL), Coinbase (COIN), Bullish (BLSH), and Galaxy Digital (GLXY) are up 2%-4%, while bitcoin treasury benchmark Strategy (MSTR) has increased by just 0.3%.
Bitcoin may not surge until gold stabilizes
“I want to reiterate that bitcoin and crypto are unlikely to elevate until this bull market in precious metals takes a breather,” said ByteTree analysts, led by Charlie Morris and Shehriyar Ali, in a Monday report.
They noted that despite current trends, bitcoin has outperformed the metals sector in recent years.
However, silver’s ongoing parabolic rally has nearly matched BTC’s return over the last eight years.
Read more: Why Gold Is Winning Over Bitcoin in 2025: Liquidity, Trade, and Trust
