SShortSingh.
TopTechnologyAI & MLStartupsProgrammingScienceBusinessFinanceCrypto & Web3World
Back to feed
Crypto & Web3

Bitcoin Tops $77,000 While AI Safety Fears Drag Down Tech Stocks

0
·1 views

Bitcoin climbed above $77,000, moving independently from broader market weakness. Technology stocks came under pressure following renewed calls to slow the pace of artificial intelligence development. Rising oil prices compounded the negative sentiment across equity markets. Bitcoin's resilience highlighted its divergence from traditional risk assets during the selloff.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Log in to join the discussion and vote.

Log in

Related stories

0
Crypto & Web3CoinDesk ·

Bitcoin rises to $78,000 as crypto decouples from AI-driven stock selloff

Bitcoin climbed 1.9% since midnight UTC to reach $78,000, moving in the opposite direction of broader tech markets. Nasdaq 100 index futures fell 1.65%, pressured by calls to slow artificial intelligence development. Crude oil prices also moved sharply, gaining nearly 4% following a Saudi pipeline closure. The divergence highlights crypto's relative independence from the AI-sector turbulence that rattled equity markets.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

ByteDance secures $29.6B loan to fund major AI infrastructure expansion

TikTok's parent company ByteDance has arranged a $29.6 billion loan as part of its growing artificial intelligence ambitions. The Chinese tech giant is reportedly considering investing as much as $70 billion in AI data centers and related infrastructure. The move signals ByteDance's intent to compete aggressively in the global AI race. This development comes at a time when leading U.S. AI companies have been calling for a slowdown in the pace of AI advancement.

0 comments Read more at CoinDesk
Bitcoin Tops $77,000 While AI Safety Fears Drag Down Tech Stocks · ShortSingh