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CoreWeave Heads for Third Weekly Loss, Weighing on Stocks and Bitcoin Over AI Financing Fears

CoreWeave Heads for Third Weekly Loss, Weighing on Stocks and Bitcoin Over AI Financing Fears

Bitcoin (CRYPTO: $BTC) traded near $81,400 on Friday, little changed on the day and roughly where it ended last week, after a 3.2% slide on Thursday as equity markets weakened on renewed concerns about financing for artificial intelligence infrastructure.

The price stood at $81,367 late afternoon. The 24-hour high was about $82,265, and an overnight low of $80,989 followed Thursday’s low of $80,840. Bitcoin remains inside the $80,000 to $87,000 range it has held in recent weeks.

AI-linked stocks drove the pressure. CoreWeave (NASDAQ: $CRWV) traded near $55 on Friday, down about 1%, after plunging 10% on Thursday to a 52-week low of $53.50. The stock has fallen roughly 37% in October and is on track for a…

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