BTC Advances Above $64K Despite Weakness Across Major Cryptocurrencies

Bitcoin pushed above $64,000 on Tuesday, gaining more than 1% over the past day and edging higher for the week. It was one of the few major cryptocurrencies showing strength as most large-cap tokens declined.

Ether fell around 0.5% to below $1,900, though it remains almost 1% higher over seven days. XRP slipped more than 1% to under $1 and is down over 2% for the week, making it the weakest among the major coins. Dogecoin declined nearly 0.5% to around $0.07, while BNB and Tron posted slight losses near $600 and $0.33. Solana was broadly unchanged around $76.

Hyperliquid’s HYPE was a notable exception, climbing nearly 1% to above $59. Its weekly gain of about 7.5% makes it the strongest performer among the smaller major tokens.

Alex Kuptsikevich, chief market analyst at FxPro, said Bitcoin has remained below its 50-day moving average for four straight sessions after failing to hold an earlier breakout attempt. BTC is also trading beneath its 200-week moving average, leaving the broader trend under pressure.

Kuptsikevich said sellers continue to have the upper hand across medium- and long-term time frames. He expects that to remain the case until Bitcoin moves decisively outside the $62,000-$65,000 range.

Bitcoin Miners Cut Computing Capacity Amid AI Boom

The Bitcoin mining sector is changing as miners increasingly redirect computing resources toward artificial intelligence infrastructure.

Miner Weekly estimates that publicly traded miners have reduced their combined computing capacity by 21% over the last three quarters. The shift reflects weaker mining economics and growing competition from AI firms for electricity and investment capital.

Venice Surpasses $100M in Annualized Revenue

Venice, an AI platform launched by crypto entrepreneur Erik Voorhees, said its annualized revenue has exceeded $100 million.

The announcement helped lift Venice’s VVV token by about 10%, taking it to roughly $13.30.

Oil Advances as Markets Turn Defensive

Broader financial markets remained under pressure as crude prices climbed and bond markets weakened.

Brent crude gained more than 0.5% to above $91 a barrel after President Donald Trump said he did not want to extend an agreement with Iran that is close to expiring. Fresh fighting in Lebanon also contributed to geopolitical concerns.

Asian bond markets tracked the decline in U.S. Treasuries as concerns over government finances increased. Higher oil prices added to fears that inflation could become more persistent.

Equities and futures also fell, reflecting a broader shift toward caution as investors weighed rising energy costs, higher yields and renewed geopolitical risks.