Bitcoin consolidates after 3% loss as AI fears stoke fresh stock-market weakness
Summary
Bitcoin fell 3.2% Thursday to a low of $80,840, then traded below $82,000 as equities weakened amid concerns about financing and profitability in AI infrastructure. QCP Capital said credit stress among neocloud providers and high funding costs could constrain AI investment. CoreWeave shares dropped 15.5% for the week after Bernstein cut its price target, while Nvidia CEO Jensen Huang cited scarce capital for neocloud expansion. US spot Bitcoin ETFs recorded $635 million in net outflows Thursday, their largest daily drawdown since late June. Crypto liquidations reached $336 million over 24 hours, including $281 million in long positions, as Bitcoin moved toward the lower end of its $80,000–$87,000 range.
