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Crypto

Bitcoin holds $80,000 after AI-driven stock selloff wipes out $400 million in long positions

Bitcoin briefly fell below $80,000 over the weekend, touching $79,280 before recovering. The move followed further declines after a stock selloff linked to concerns over fundraising in the AI industry. Liquidations totalled $436.4 million over four hours, with long positions accounting for $404.2 million. U.S. spot bitcoin ETFs saw $635 million in net outflows on Oct. 22. Separately, Arthur Hayes said he closed directional positions for Maelstrom.

AI & Enterprise

Neocloud firms surge on AI boom but profitability tested despite GPU demand

Neocloud providers that rent out GPUs for AI training and inference have surged, but concerns are growing over high costs and heavy debt. Gartner expects more than 80 percent could stop operating independently by 2030 due to cost pressure and lack of differentiated business models. Companies such as CoreWeave and Nebius face large depreciation charges, even as demand remains strong and long-term contracts extend into 2028 and beyond.

Crypto

Bitcoin holds $80,000 as stablecoin payments spread

Over the past week, the global crypto market’s key theme was resilience. Bitcoin held $80,000 despite a CPI shock, while XRP defended $1.30 even as public interest faded. Investors are watching U.S. PMI data and the Oct. 27-28 FOMC, as well as Ripple’s Swell event. Stablecoins and tokenisation are spreading into mainstream payment rails. In South Korea, tax deferral bills and a forthcoming digital assets framework are emerging variables.