Bitcoin diverges from South Korean stocks as AI concerns deepen the Kospi selloff
South Korea’s chipmakers lead another sharp selloff as concerns over AI spending and Chinese competition grow, while bitcoin holds well above its summer lows.
Read Full Article on CoinDeskSummary generated by IndiCrypto from CoinDesk. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in AI x Crypto
Live updates: Bitcoin back under $81,000 as AI selloff worsens
September inflation came in above forecasts and the selloff in AI stocks picked up speed, dragging bitcoin back toward last week’s low.
Arthur Hayes Is Betting on What Comes After the AI Crash
Arthur Hayes urges traders to go long Bitcoin and Ethereum. He expects the AI data center boom to end in a multi-trillion-dollar bailout. The post Arthur Hayes Is Betting on What Comes After the AI Crash appeared first on BeInCrypto.
Blue Owl’s Stack Seeks $6 Billion Melbourne Loan as AI Debt Faces Scrutiny
Stack Infrastructure is reportedly seeking an A$8.6 billion ($6 billion) loan to finance a data center project in Melbourne, as investors grow more cautious about the borrowing underpinning the artificial intelligence infrastructure boom. This article first…