Bitcoin Holds Near $80,000 as AI Debt Concerns Pressure Tech Stocks

Bitcoin (BTC) traded between $80,000 and $83,000 last week as concerns about debt-funded AI infrastructure weighed on technology stocks, keeping its $80,000 support level in focus. CoreWeave’s five-year credit default swap spread climbed above 1,100 basis points. The rising cost of protection against a debt default added to concern over CoreWeave’s borrowing and pressure on semiconductor valuations. Bitcoin, meanwhile, remained within a narrow range. A stronger-than-expected U.S. consumer inflation reading briefly pushed the two-year Treasury yield close to 4.9% and the 10-year yield above 5.3%. Treasury buying later brought yields down. A strong Producer Price Index reading on Thursday did not sustain the bond selloff. Market-implied odds of an October rate increase declined to about 15% after Federal Reserve Chair Kevin Warsh spoke at 11:30 p.m. ET on Thursday, Oct.

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