05:17 UTC — Crypto is lagging a tech rebound as AI stocks bounced higher overnight

MSCI's ( MSCI ) Asia Pacific gauge rose 2.5%, South Korea's Kospi climbed as much as 8% with SK Hynix up 11%, and the Nasdaq 100 added 1.6% as a semiconductor gauge gained more than 5%.

Crypto ( CRCW ) got none of that action. Bitcoin trades near $63,300, up about 0.8% over 24 hours, and ether near $1,691, up 1.8%, per CoinDesk data. BNB and Solana ( HSDT ) lead the majors at roughly 2.3%.

Every large token is still deep in the red on the week, with bitcoin off 10.8%, ether down 16%, Solana ( HSDT ) and Hyperliquid both off about 17%, and dogecoin down 14.7%.

Crypto ( CRCW ) sold off alongside AI shares last week when the rout was pinned on stretched chip valuations, and that beta has flipped on the way up.