Bitcoin fell 3.2% on Thursday before stabilizing, dropping as low as $80,840 on Bitstamp. Investors renewed concerns about the profitability of companies dependent on AI infrastructure, insurance costs and credit strains. CoreWeave lost 15.5% this week, Bernstein cut its price target from $74 to $51, and Nvidia CEO Jensen Huang highlighted a scarcity of capital. Asian markets also faced renewed pressure before the KOSPI finished the session up 0.3%. US spot Bitcoin ETFs recorded net outflows of $635 million on Thursday, while crypto liquidations reached $336 million over 24 hours, including $281 million in long positions.
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