Bitcoin climbs above $64,000 while most majors slip
Miners have cut their computing power by a fifth over three quarters to make room for AI, and Venice’s token jumped 10% after the company said it crossed $100 million in annualised revenue.
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Summary
- Bitcoin climbed above $64,000 and was the only major cryptocurrency with a notable daily gain, while most other large tokens slipped or were flat.
- Analysts said bitcoin remains stuck between $62,000 and $65,000 and below key moving averages, leaving sellers in control of medium- and long-term trends.
- Publicly listed bitcoin miners have cut computing power by 21 percent over three quarters as they shift capacity to AI, even as AI platform Venice reported more than $100 million in annualized revenue and a jump in its VVV token.
- Oil prices rose above $91 a barrel after President Donald Trump signaled he would not extend an agreement with Iran and fighting intensified in Lebanon, pressuring bonds and stocks amid renewed inflation worries.
