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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.

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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.

Fed, BOE, BOJ interest-rate decisions: Crypto Week Ahead · ShortSingh