Bitcoin climbs above $64,000 while most majors slip
Bitcoin prices remain stagnant in the $62,000-$65,000 range while broader markets react to geopolitical tensions and energy price hikes. Meanwhile, crypto miners are increasingly shifting computing power toward AI infrastructure due to weak mining economics.
Why it matters
Illustrates the growing intersection between crypto-mining infrastructure and the AI industry, alongside market volatility driven by geopolitical instability.
Ether eased half a percent to just under $1,900, though it holds an almost 1% weekly gain. XRP fell over 1% to just under $1 and is down over 2% on the week, the weakest of the group. Dogecoin dropped almost half a percent to 7 cents, BNB and tron both slipped marginally to just over $600 and 33 cents, and solana was flat at just under $76.
Hyperliquid's HYPE was the exception among the smaller majors, up almost 1% to just over $59 and 7.5% over seven days, by far the strongest weekly performance.
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