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AI slowdown concerns weigh on tech stocks, crypto market strengthens against the trend

BlockBeats news, September 14 — The crypto market has recently shown notably stronger performance than other risk assets. Bitcoin rose over 1% in the past 24 hours, climbing to around $77,800, while Ethereum gained about 2% to $2,500; meanwhile, AI and tech stocks came under broad pressure amid market concerns that frontier AI development may slow.

Anthropic CEO Dario Amodei recently called for slowing frontier AI development, with OpenAI CEO Sam Altman and Musk supporting a more cautious pace of development. The market worries that a slowdown in AI development could delay advanced chip orders and computing power demand, with CoreWeave and Cipher Digital both down about 6% in pre-market trading, MARA down 5%, and IREN down 4%.

By contrast, the crypto market is being supported by rising expectations for the U.S. Digital Asset Market Structure Act (CLARITY Act). Polymarket data shows the probability of the bill being signed into law this year has risen to about 30%, up sharply from 12% in early September, with the Senate set to hold a procedural vote on Tuesday.

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Tonight's BTC whale latest script at a glance: A new position worth hundreds of millions of dollars enters the market, with an even larger follow-up move yet to be triggered.

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Strategy repurchases $139 million of STRC, holds 845,000 BTC and $6.4 billion in reserve assets

Strategy did not buy Bitcoin last week, and its dollar reserves decreased by $140 million from the previous week.

Wall Street believes that a 'single rate hike' is unlikely to end the bull market in US stocks; the real threat lies in sustained tightening and recession.

On prediction markets, an account with a perfect 13-for-13 record in the Iran category predicts when the U.S. will lift its naval blockade on Iran.

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AI slowdown concerns weigh on tech stocks, crypto market strengthens against the trend

Tonight's BTC whale latest script at a glance: A new position worth hundreds of millions of dollars enters the market, with an even larger follow-up move yet to be triggered.

Nearly 80% of Hyperliquid's core crypto contracts rose, while nearly 80% of traditional assets fell.

Cumberland has withdrawn 16.55 million PONS tokens, worth approximately $9.37 million, from Gate over the past 10 days.

Hyperliquid repurchased and burned 17,700 HYPE tokens over the past 24 hours, worth $1.39 million.