Live Updates: BTC Stays Near $64K as EU Rules Push Anthropic to Watermark AI Content

FxPro chief market analyst Alex Kuptsikevich said Bitcoin is facing a new source of selling pressure as companies that previously helped bring institutional credibility to the cryptocurrency increasingly pivot toward AI data centers. The shift has put Bitcoin’s largely unchanged 50-day moving average on traders’ radar as a key level for the market.

Treasury Yields Squeeze Stablecoin Growth

Re7 Capital said the recent decline in stablecoin supply is closely tied to higher yields on U.S. Treasury securities, which are making traditional assets more competitive with decentralized finance.

The firm explained that stablecoin expansion has historically been influenced by the relative returns available through onchain opportunities versus U.S. government debt. As the 10-year Treasury yield approaches 5%, DeFi is facing a greater challenge in attracting capital.

Data from CoinDesk shows the impact on the stablecoin sector, with total market capitalization down roughly $10 billion since May. July recorded the largest monthly contraction in stablecoin capitalization since 2022.

The trend was notably different in late 2023. After the 10-year Treasury yield climbed close to 5% in October and then started falling, stablecoin supply began a sustained recovery.

That tailwind has disappeared as inflation concerns associated with the Iran conflict have pushed Treasury yields higher once again. Stablecoin expansion has subsequently lost momentum.

Re7 expects the situation to improve if Treasury yields begin moving lower. Falling bond yields could make DeFi returns more appealing relative to traditional fixed-income investments, potentially encouraging capital to flow back into onchain markets and restarting stablecoin growth.

Anthropic Expands Claude Watermarking Under EU AI Rules

Anthropic said it will introduce machine-readable identifiers for content generated by its Claude models as part of its compliance efforts under the EU AI Act’s transparency framework.

Claude models launched in the European Union from Aug. 2, 2026, will support the system from release, the company said. AI-generated text will include embedded watermarks, while supported files will carry digitally signed provenance metadata that identifies their origin.

The marking system will extend across Anthropic’s product suite, including the Claude API, Claude app, Claude Code, Cowork and Tag. Anthropic said it plans to use the same approach globally, although some platforms and features may not support every form of marking.

The company also plans to make the markers detectable by users and third parties and will provide technical resources explaining how the system can be identified.

Older Claude models released before Aug. 2 will enter a transition period. Anthropic said it is working to introduce similar marking functionality to those earlier versions.

Corporate Rotation Into AI Adds to Bitcoin Pressure

Bitcoin slipped roughly 2% to about $64,200 on Monday as the cryptocurrency market broadly moved lower. Kuptsikevich said part of the decline can be attributed to companies that once championed Bitcoin increasingly reallocating their focus toward AI infrastructure.

The wider crypto market also declined around 2%, bringing total capitalization to approximately $2.18 trillion. Market breadth remained weak, with about 10 tokens falling for every one that advanced.

The companies involved in the shift include several firms that helped make Bitcoin more attractive to institutional investors. Strategy and mining companies such as MARA have spent the past two years building out strategies centered increasingly on AI data centers.

Kuptsikevich said institutional capital may be leaving Bitcoin either to raise liquidity or to pursue AI-related investment opportunities. If the corporate shift continues, Bitcoin could face greater liquidation pressure in the weeks ahead.

He noted that corporate involvement helped give crypto greater mainstream credibility, but companies are now reassessing that exposure as AI becomes a more attractive business opportunity. Their departure could increase Bitcoin’s reliance on retail investors, who formed the foundation of its original market.

Technically, BTC remains just above its 50-day moving average. The indicator has moved very little for about three weeks, reflecting a prolonged contest between sellers distributing their holdings and buyers absorbing supply. A sustained hold above this level could be important for Bitcoin’s near-term direction.