Selling pressure moderated Tuesday after bitcoin’s Fear & Greed Index sank to record lows, underscoring extreme bearish positioning that may have paved the way for a relief bounce.

Bitcoin (BTC) climbed back above $64,000 in early U.S. trading, moving in line with a broader rebound across risk assets after several sessions of volatility. The asset recently traded near $64,200, down 0.75% over the past 24 hours but well off its intraday low around $62,500. Ether (ETH) and solana (SOL) also recovered from steep early declines.

Crypto’s strong correlation with technology shares remained intact. Software stocks, tracked by the iShares Software Sector ETF, advanced 1.7% after recent heavy losses sparked by concerns that artificial intelligence could disrupt existing business models.

Investor sentiment improved after companies such as Intuit and DocuSign announced partnerships with AI startup Anthropic, suggesting established firms are adapting to the AI shift rather than being displaced by it.

Meanwhile, traditional safe-haven assets retreated. Gold fell 1.5% and crude oil slipped 0.5% as geopolitical tensions appeared to ease. Reports cited comments from Iran’s deputy foreign minister, Majid Takht-Ravanchi, who indicated Tehran is prepared to take necessary steps to reach an agreement with the United States, dampening fears of imminent military escalation.

U.S. equity markets moved higher alongside crypto. The Nasdaq 100 rose 1.1%, while the broader S&P 500 gained 0.8%.

High-performance computing firms and bitcoin miners — sectors increasingly linked to AI-driven data center expansion — also rallied. Shares of Bitdeer, Cipher Mining, Hut 8 and TeraWulf jumped between 6% and 10%.

Elsewhere, performance across crypto-related equities was mixed. Coinbase, MARA Holdings and Strategy posted modest declines of 0.5% to 1%, slightly lagging the broader rebound.