According to The Kobeissi Letter, AI-related equities now account for roughly 23% of global market capitalization, near an all-time high. According to The Kobeissi Letter, this share has doubled since November 2022 when ChatGPT was introduced. According to The Kobeissi Letter, these AI names have been a primary driver of the ongoing global bull market. According to The Kobeissi Letter, the update does not provide direct cryptocurrency impacts, but it identifies AI equity leadership as the key driver of broader risk sentiment.

According to @StockMKTNewz, the combined market value of the world’s top 10 stocks rose to $25.48T from $25.16T week over week, a $0.32T increase equal to roughly +1.3%. Source: @StockMKTNewz. The country split remains 8 U.S., 1 Saudi Arabia, and 1 Taiwan, highlighting ongoing dominance by U.S.-listed mega-cap equities in the global market-cap rankings. Source: @StockMKTNewz. For crypto traders, sustained strength in mega-cap equities can support broader risk appetite, and equity–crypto correlations have been elevated in recent years, implying potential sentiment spillovers to BTC and ETH. Source: International Monetary Fund (2022). Actionable takeaway: monitor BTC and ETH during U.S. equity sessions when mega caps lead, given the documented equity–crypto linkage. Source: International Monetary Fund (2022).

According to @KobeissiLetter, global equities reached a record $143.8 trillion market cap, up $33.8 trillion or 31% from the April 2025 low and up $83.0 trillion or 137% since the 2020 low, with the source projecting gains since 2020 could exceed $100 trillion by end-2025 and total market cap could surpass $150 trillion, source: The Kobeissi Letter on X, Sep 18, 2025. For crypto traders, stronger post-2020 co-movements between Bitcoin and equities suggest a supportive liquidity backdrop for BTC and ETH when stocks rally, source: International Monetary Fund 2022 Crypto Prices Move More in Sync With Stocks; Bank for International Settlements 2023 Quarterly Review on crypto–equity spillovers. Trading angle: maintain a pro-risk bias while monitoring cross-asset beta and the BTC–equity rolling correlation to time pullback entries in BTC and ETH during equity strength, source: International Monetary Fund 2022; Bank for International Settlements 2023.