Bitcoin climbed back above $64,000 on Tuesday, advancing more than 1% during the day and posting a small weekly gain. It stood out among the major cryptocurrencies as most large-cap tokens moved lower.

Ether declined about 0.5% to just below $1,900, although it remained up nearly 1% over the past week. XRP dropped more than 1% to below $1 and has fallen over 2% in seven days, making it the weakest major cryptocurrency. Dogecoin slipped nearly 0.5% to around $0.07, while BNB and Tron recorded minor declines near $600 and $0.33. Solana was largely unchanged at approximately $76.

Hyperliquid’s HYPE bucked the broader market trend, rising almost 1% to slightly above $59. The token has gained about 7.5% over the past week, making it the strongest weekly performer among the major smaller-cap tokens.

Alex Kuptsikevich, chief market analyst at FxPro, said Bitcoin has remained under its 50-day moving average for four consecutive sessions after an earlier attempt to move above it failed. BTC is also trading below its 200-week moving average, keeping longer-term momentum weak.

Kuptsikevich said the technical setup continues to favor sellers over both medium- and long-term periods. He said a meaningful change in direction is unlikely unless Bitcoin breaks out of its current $62,000-$65,000 range.

Bitcoin Miners Redirect Capacity Toward AI

Bitcoin’s mining sector is also experiencing a structural shift as operators increasingly allocate computing resources to artificial intelligence.

Publicly listed Bitcoin miners have cut their combined computing capacity by 21% over the past three quarters, according to Miner Weekly. The reduction comes as mining profitability weakens and AI companies compete more aggressively for access to electricity and capital.

Venice Reports $100M Annualized Revenue

Venice, an artificial intelligence platform founded by crypto entrepreneur Erik Voorhees, said its annualized revenue has crossed $100 million.

Following the announcement, the VVV token rose around 10% to approximately $13.30.

Oil Rises as Risk Appetite Weakens

Global markets remained under pressure as crude prices increased and bond markets continued to sell off.

Brent crude rose more than 0.5% to above $91 per barrel after President Donald Trump said he was not interested in extending an agreement with Iran that is nearing expiration. Renewed fighting in Lebanon also added to geopolitical uncertainty.

Asian bond markets followed U.S. Treasuries lower as investors became increasingly concerned about government finances. Higher energy prices also raised fears that inflation could accelerate.

Stocks and equity futures moved lower, pointing to a broader risk-off tone across financial markets.