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CryptoQuant CEO: Bitcoin May Avoid Impact of AI Bubble Burst
CryptoQuant CEO Ki Young Ju stated that the potential bursting of the artificial intelligence (AI) bubble might not significantly harm Bitcoin (BTC). He believes that Bitcoin's failure to participate in the substantial rally of AI stocks could shield it from a sharp correction in the AI sector. Ju posted on X that investors might have sold Bitcoin to invest in AI stocks, and now, as concerns about overvalued AI intensify, funds could rotate back into Bitcoin. However, he emphasized that an AI crash is not necessarily bullish or bearish for BTC, as the two seem unrelated.
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24H Trending
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Asian markets broadly fell: The Hang Seng Index dropped 3.03% to a four-month low, and the Hang Seng Tech Index fell 5%; Brent crude rose 3.2% to $112.27, due to AI concerns and heightened tensions in the Strait of Hormuz.
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Goldman Sachs: Silver Net Longs Fall to Two-Year Low Amid Dual Blows from Dollar Pullback and Weak AI/Solar Sectors
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JPMorgan Chase Report: Funding Pressure on New Cloud Vendors Won't Impact AI Infrastructure Cycle; Tech Sector Expected to Have $400 Billion Funding Surplus This Year
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Middle East Tensions Escalate: Houthis Claim Multiple Attacks on Saudi Arabia, Brent Oil Surpasses $112, Iran Claims to Have Struck Oil Tanker in Strait of Hormuz
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Crypto traders value Indian telecom company Reliance Jio's IPO at approximately $110 billion.
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SoftBank's stock price has halved from its June high, as the market worries about AI financing risks.
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Barclays plans to cut 5,000 jobs, or about 5% of its total workforce, to boost efficiency and reduce costs through AI, primarily focusing on support functions.
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The 10-year U.S. Treasury yield fell by approximately 11 basis points from its previous close, now at 5.04%.
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AI Companies and French Sovereign Debt Face Stress Test: CoreWeave CDS Spreads Exceed 1,000 Basis Points, France's 10-Year Government Bond Yield Breaks 5% for the First Time Since 2002, Moody's to Review France's Rating
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Houthis claim Saudi Arabia targeted an Indian boat in Red Sea, rescued 14 Indian nationals
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