Crypto
Bitcoin consolidates after 3% loss as AI fears stoke fresh stock-market weakness
Bitcoin price volatility cooled as stock markets battled another day of resurgent AI fears during Friday’s Asia trading session.
Cointelegraph•
Bitcoin price volatility cooled as stock markets battled another day of resurgent AI fears during Friday’s Asia trading session.
Bitcoin (BTC) ranged below $82,000 into Friday’s Wall Street open as stock markets slid further on AI financing concerns.
Data from TradingView showed BTC/USD stabilizing after shedding 3.2% on Thursday, falling as low as $80,840 on Bitstamp.
Speaking to CNBC on Thursday, Nvidia CEO Jensen Huang spoke of a “scarcity of capital” impacting the neocloud buildouts in particular.