Bitcoin Hitches a Ride Back to $63K While Meta and Anthropic Whisper About a $10B AI Roommate Deal 🏠

Bitcoin returned to the $63,000 level on Monday as U.S. equities pared deeper early losses, with the Nasdaq trimming a sizable intraday decline. The recovery in crypto tracked a reversal across risk assets, though the token remained within a tight range relative to last week's volatility.

The broader market rebound came as investors digested a New York Times report that Anthropic is in talks with Meta (META) to rent computing capacity from the social media company's artificial intelligence data centers. The proposed arrangement could be valued at up to $10 billion over two years, according to the report, which said Anthropic first approached Meta about the deal in June. Meta is currently weighing the proposal.

Shares of Meta, which had been weaker earlier in the session, pared losses and were last down 2.9%. The data center complex also narrowed declines, with Keel Infrastructure (KEEL) and Hut 8 (HUT) flipping into positive territory after steeper drops at the open.

The reported tie-up between the two artificial intelligence developers would represent one of the largest third-party compute agreements publicly disclosed, underscoring the scale of infrastructure demand in the AI sector. It also highlights an emerging pattern in which frontier model labs seek capacity outside the hyperscale clouds operated by Microsoft, Google and Amazon.

Bitcoin's return to $63,000 marked a recovery from earlier lows, though the move left the asset little changed over a 24-hour window. Traders cited the resilience of large-cap crypto amid choppy equity trading, with the correlation between bitcoin and Nasdaq-listed tech stocks remaining closely watched.