Bitcoin's value has made a significant rebound after dropping below $64,000 earlier in the day. The cryptocurrency now stands at $64,200, a slight increase from its morning low of $62,500.
The recovery is being attributed to a broader market trend, with risk assets experiencing a resurgence. This includes software shares, which have seen a 1.7% gain after recent heavy losses due to concerns over artificial intelligence (AI) tools threatening business models.
However, the industry's correlation with technology stocks remains strong, and companies such as Intuit and DocuSign announcing partnerships with AI firm Anthropic are being seen as a positive sign for adaptation and innovation.