News · Yahoo Finance

CoreWeave Heads for Third Weekly Loss, Weighing on Stocks and Bitcoin Over AI Financing Fears

Bitcoin traded near $81,400 on Friday, little changed on the day after a 3.2% drop Thursday as weakness in equities over concerns about AI infrastructure financing weighed on the market. CoreWeave (CRWV) plunged 10% Thursday to a 52-week low of $53.50, is down roughly 37% in October and is heading for a third straight weekly loss; Bernstein cut its price target to $51 from $74 and Morgan Stanley to $70 from $99. The Nasdaq Composite fell 2.6% Thursday to 26,009, its worst day since June, while Nvidia CEO Jensen Huang said a “scarcity of capital” is hampering neocloud buildouts. U.S. spot bitcoin ETFs recorded net outflows of $635 million Thursday, the largest one-day withdrawal since late June. Crypto liquidations totaled $336 million over 24 hours, including $281 million in long positions.

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MarketCrypto
ExchangeBinance
SectorLayer 1
Market cap$1.6T
Close on 10/22/202681,416.09
Change that session-3.18%
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Nvidia

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SectorInformation Technology
IndustrySemiconductors
Market cap$5.2T
Close on 10/22/2026212.28
Change that session-4.36%
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Ethereum

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MarketCrypto
ExchangeBinance
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Market cap$294.2B
Close on 10/22/20262,389.14
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SectorETF
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