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Home»ETHEREUM NEWS»Openai-Coreweave Deal, Bitcoin Price Steady $ 104K
ETHEREUM NEWS

Openai-Coreweave Deal, Bitcoin Price Steady $ 104K

By Crypto FlexsMay 16, 20252 Mins Read
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Openai-Coreweave Deal, Bitcoin Price Steady $ 104K
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Cryptocurrencies has a flat performance with Bitcoin on Friday. BTC$103,891.95 About $ 104,000 of the cryptocurrency stocks were instantly shining.

Data center companies such as encryption mining and data center companies such as CIFR (Cipher Mining), HIVE DIGITAL (HIVE), HUT 8 (HUT) and Terawulf (WULF) have booked 10% -20% profit for the optimism of artificial intelligence (AI) composition. These companies are often regarded as a proxy of AI connection infrastructure bets due to data center assets.

Coreweave has soared more than 26%.

The rally has been extended to Galaxy Digital (Glxy) and rose 8% on the first day of NASDAQ, marking the company’s long -awaited US market debut. The company, which was previously listed in Toronto, manages encryption investments, trades digital assets, and has a data center business.

CON (Crypto Exchange Coinbase) rebounded 9% after a sharp decline due to a violation of the customer data and a continuous regulatory investigation by the US Securities and Exchange Commission (SEC) on Thursday.

More Reading: Market reaction to Coinbase Hack ‘Exaggerated’ and analysts say that Second Probe calms the coin.

SOLANA’s real estate technology company Defi Development (DFDV) brush$170.83 Financial strategy, validity with Memecoin Bonk Bonk$0.0 .20583 Add more SOL tokens to the balance table.

Meanwhile, BTC increased 1.3% in 24 hours, while ETH$2,589.24 I got 2.3%to $ 2,580. Broad-Market Coindesk 20 Index was flat with XRP XRP$2.41 Low performance as an American judge refused to propose an agreement between Ripple and SEC.

Expecting inflation through the roof

According to the latest inflation survey at the Michigan University on the macro front, consumers expected that the year’s inflation increased by 7.3%to 6.5%since the 1980s, while the expectation of 5-10 years would increase to 4.6%.

Louis Navellier, the chief investment officer of Navellier, a money management company, said in the market, “This is not very high.”

The reaction showed tremendous radiance in the prospect of political alliance, and the Republican Party showed the Republican’s prospects for distant tamer inflation. As a result, traditional markets are Rug in data, and major US stock indexes are higher in the second half of the session.

However, the increase in inflation expectations can have a second impact on the market by deleting the Fed policymaker next month.

“The concern here is that the Fed has expressed interest in consumers’ expectations for inflation, and there may be more reasons for pause, depending on the potential of customs fuel inflation,” Navellier said.

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