Live updates: Bitcoin cuts losses as stocks edge higher
BTC when published $81,382Now $80,595 ▼ −0.97% since it was published
Market jitters persist as the AI selloff deepens. South Korea’s KOSPI fell almost 4%, accompanied by one of the weakest IPO debuts in the country’s history, with data centre company Elice tumbling around 30%. The weakness carried into U.S. pre-market trading, with CoreWeave (CRWV) down 4%, Cipher Digital CIFR $8.9940 falling 2% and IREN IREN $27.11 losing 3%. The Invesco QQQ ETF also traded lower, reflecting broader pressure on technology stocks. Bitcoin edged lower over the past 24 hours but held above $81,000, while gold slipped almost 1% to just above $4,110 an ounce. Brent and WTI crude oil each climbed a further 2%. Long-dated U.S. Treasuries appear to be attracting defensive flows, with the iShares 20+ Year Treasury Bond ETF (TLT) rising 0.5%.
First reported by CoinDesk. This page is a short excerpt; the full text is theirs.
