Bitcoin falls further as BTC miners pivot to AI, pro-crypto legislation stalls
Bitcoin’s underperformance of stocks deepens as BTC miners pivot to AI and pro-crypto regulation in the United States stalled....
Key takeaways
- 1Bitcoin fell below $75,000 while Nasdaq 100 hit record highs, decoupling from traditional markets after two months of correlation.
- 2BTC miners are shifting reserves to AI infrastructure, with TeraWulf adding 1-gigawatt computing capacity, reducing mining support for Bitcoin.
- 3US pro-crypto legislation including Digital Asset PARITY Act and CLARITY Act remain stalled without scheduled hearings or Senate votes.
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Why it matters
India's retail crypto investors face delayed regulatory clarity in major markets, reducing institutional adoption signals. Miner pivot to AI signals structural shift in Bitcoin's mining ecosystem and potential long-term supply dynamics affecting price direction.
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