Live markets: Bitcoin steady above $63,000, BNB, SOL edge higher as AI stocks rebound

Bitcoin remained stable above $63,000 on May 15, 2024, with Binance Coin (BNB) and Solana (SOL) experiencing modest gains, while the broader cryptocurrency market saw less movement. This stability in digital assets occurred as technology stocks, particularly those associated with artificial intelligence, experienced a rebound. The recovery in AI-related equities was partly fueled by positive developments in the semiconductor industry, including a significant chip agreement between Nvidia and SK Hynix. Additionally, investor sentiment was bolstered by SpaceX's successful, oversubscribed Initial Public Offering (IPO), which reportedly raised billions of dollars. Apple also contributed to the positive market mood with its announced AI strategy, signaling renewed focus on artificial intelligence integration within its product ecosystem. Despite these broader market upticks, the cryptocurrency sector, including major coins like Bitcoin, showed a more subdued response, trailing the performance of AI stocks.