Crypto Miners Soar on OpenAI-CoreWeave Deal; Galaxy Jumps in Nasdaq Debut

Cryptocurrencies remained stable on Friday as Bitcoin hovered around $104,000, while crypto-related stocks saw significant gains due to optimism about AI-driven computing demand. Companies like Cipher Mining and CoreWeave surged 10%-26% following a $4 billion deal with OpenAI. Galaxy Digital debuted on Nasdaq, gaining 8%, while Coinbase rebounded 9% despite facing regulatory scrutiny. In traditional markets, inflation expectations rose to multi-decade highs, which may influence the Federal Reserve's interest rate decisions. This divergence in outlooks highlights varying sentiments among different political affiliations regarding future economic conditions. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: CoinDesk