FxPro chief market analyst Alex Kuptsikevich said Bitcoin is losing some of the corporate support that helped strengthen its institutional image, as several companies increasingly turn their attention toward AI data centers. That shift has put BTC’s flat 50-day moving average in focus as traders assess the cryptocurrency’s next move.

Higher Treasury Yields Challenge Stablecoin Growth

Re7 Capital said rising U.S. Treasury yields have contributed to the recent decline in stablecoin supply, as traditional government debt becomes a more attractive alternative to onchain investments.

According to the firm, stablecoin growth has historically depended in part on the relative returns available from decentralized finance compared with U.S. government bonds. With the 10-year Treasury yield approaching 5%, DeFi is facing greater difficulty competing for investor funds.

The impact is already visible in the stablecoin market. CoinDesk data shows stablecoin capitalization has fallen by roughly $10 billion since May, while July recorded the steepest monthly decline since 2022.

A similar relationship played out in reverse in late 2023. After the 10-year Treasury yield reached almost 5% in October before beginning to decline, stablecoin supply entered a prolonged period of expansion.

That momentum has weakened again as inflation fears connected to the Iran conflict have pushed Treasury yields higher. Stablecoin growth has subsequently stalled.

Re7 said a decline in Treasury yields could relieve the pressure. If government bond returns fall, DeFi yields may once again become comparatively attractive, potentially encouraging investors to move capital back onchain and driving renewed stablecoin expansion.

Anthropic to Watermark Content Generated by Claude

Anthropic said it will introduce machine-readable markings for content created by its Claude AI models to meet transparency commitments under the European Union’s AI Act.

Claude models launched in the EU from Aug. 2, 2026, will support the marking technology from the beginning, according to the company. AI-generated text will contain embedded watermarks, while compatible files will include digitally signed provenance metadata identifying their AI origin.

Anthropic plans to apply the system across its products, including the Claude API, Claude app, Claude Code, Cowork and Tag. The company said the markings will also be implemented globally rather than being limited to Europe, although some platforms may not support every type of marker.

The company plans to provide tools and documentation that allow users and third parties to identify the markings. Anthropic said additional technical details will be released later.

Models introduced before Aug. 2 will remain subject to a transition period, while the company works to add content-marking capabilities to earlier versions.

Bitcoin Slides as Crypto Companies Shift Toward AI

Bitcoin declined around 2% to approximately $64,200 on Monday, with Kuptsikevich attributing part of the weakness to the growing shift among crypto-focused companies toward AI infrastructure.

The wider crypto market also lost about 2%, bringing its total capitalization to approximately $2.18 trillion. Around 10 cryptocurrencies declined for every one that gained.

The rotation involves companies that previously played a significant role in giving Bitcoin greater institutional acceptance. Strategy and mining firms such as MARA have increasingly repositioned themselves around AI data-center opportunities over the last two years.

Kuptsikevich said institutional investors could be selling BTC either to raise cash or to redirect capital into AI-related trades. If the corporate shift away from Bitcoin continues, liquidation pressure could increase over the coming weeks.

He argued that corporations initially entered crypto when Bitcoin complemented their broader business narratives and reputational goals. Their withdrawal could now leave the market more heavily dependent on retail participants, who formed much of Bitcoin’s original investor base.

Bitcoin is currently trading just above its 50-day moving average, which has remained almost unchanged for roughly three weeks. The flat trend reflects a battle between sellers distributing BTC and buyers absorbing available supply. Whether the cryptocurrency can defend this level may provide an important signal for its next major move.