Bitcoin falls over 3% amid AI financing concerns impacting stock markets

Bitcoin (BTC) ranged below $82,000 into Friday's Wall Street open after falling more than 3% on Thursday, briefly dropping below $81,000. This downturn coincided with concerns over AI infrastructure spending, highlighted by neocloud provider CoreWeave sliding to 17-month lows and a price target downgrade by Bernstein from $74 to $51. Crypto market downside liquidated $280 million in long positions within 24 hours, and Bitcoin ETF outflows reached $635 million on Thursday, the largest single-day drawdown since late June. QCP Capital said the spread of credit stress across the neocloud infrastructure sector triggered broader equity market weakness.