Bitcoin Climbs Above $64,000 as Crypto Majors Slip

Dogecoin declined roughly 0.5% to around $0.07, while BNB and TRON edged lower. Solana was largely unchanged below $76.

Hyperliquid's HYPE remained an outperformer among smaller major tokens, gaining almost 1% to above $59 and extending its seven-day gain to roughly 7.5%.

Bitcoin remains caught between $62,000 and $65,000

Bitcoin's latest move above $64,000 has not yet changed its broader technical structure.

Alex Kuptsikevich, chief market analyst at FxPro, said BTC has spent four consecutive days below its 50-day moving average after failing to sustain an earlier attempt to reclaim the indicator.

Bitcoin is also trading below its 200-week moving average, keeping longer-term technical pressure on the market.

The key question is whether BTC can finally break out of the $62,000-$65,000 range that has contained price action.

A sustained move above $65,000 could improve momentum and bring higher resistance levels into focus. Conversely, a breakdown below $62,000 could increase the risk of another wave of selling.

Bitcoin miners increasingly turn toward AI

Bitcoin's price action is only part of the story. The mining industry is also undergoing a significant structural change.

Publicly traded Bitcoin miners have reduced their combined computing capacity by approximately 21% over three quarters, according to data highlighted by Miner Weekly. The shift comes as miners contend with difficult mining economics while competing with the AI industry for electricity, infrastructure and capital.

Miner Weekly's mining industry analysis

The move does not necessarily mean miners are abandoning Bitcoin.

Instead, companies are increasingly evaluating whether their electricity capacity and data-center infrastructure can generate better returns through AI and high-performance computing.

That creates a new business model for miners: rather than relying exclusively on Bitcoin rewards and transaction fees, operators can potentially monetize their power infrastructure through AI workloads.

The trend could become increasingly important as demand for AI computing continues to compete with Bitcoin mining for access to large-scale electricity.

Venice AI pushes VVV higher

AI also provided one of the stronger individual token moves on Tuesday.

Venice, the AI platform founded by crypto entrepreneur Erik Voorhees, announced that it had crossed $100 million in annualized revenue.

The VVV token subsequently gained roughly 10%, reaching around $13.30.

Venice's growth highlights the increasingly close relationship between cryptocurrency and artificial intelligence. While Bitcoin miners are looking to AI for alternative infrastructure revenue, crypto-native AI platforms are building businesses around decentralized technology and AI services.

The milestone also puts greater attention on VVV as investors assess whether revenue growth can translate into sustained demand for the token.

Oil prices create another macro risk

The broader macro backdrop remained less supportive for risk assets.

Brent crude climbed above $91 per barrel, adding to concerns that higher energy prices could reignite inflationary pressure.

Geopolitical developments also remained in focus after U.S. President Donald Trump said he was not interested in extending an expiring agreement with Iran, while fighting intensified in Lebanon.

Higher oil prices can complicate the outlook for central banks because rising energy costs can feed into broader inflation.

That could become a headwind for Bitcoin if investors begin pricing in tighter monetary conditions or reduced liquidity.

Asian government bonds also followed U.S. Treasuries lower amid concerns over government finances, while stocks and futures declined.

Bitcoin's next move depends on the range

Bitcoin is currently facing competing forces.

The latest move above $64,000 shows that buyers remain active, while BTC continues to outperform several major altcoins. However, the cryptocurrency has not yet broken decisively above its broader trading range.

At the same time, Bitcoin remains below important longer-term technical levels, while higher oil prices and weaker global risk sentiment could limit risk appetite.

The mining industry's shift toward AI adds another long-term variable for Bitcoin's ecosystem. If miners continue reallocating power capacity toward AI, the structure of the mining sector could change significantly over the coming years.

For traders, the immediate levels remain clear:

• Above $65,000: potential confirmation of a stronger breakout.

• Between $62,000 and $65,000: continued range-bound trading.

• Below $62,000: increased risk of another downside move.

For now, Bitcoin is holding above $64,000, but the decisive signal will come when BTC finally breaks out of the $62,000-$65,000 range.