CoinDesk
Bitcoin Surges Past $64,000 as Most Cryptos Crash
August 18, 2026•01:32 AM
Bitcoin has decisively broken past the $64,000 psychological mark while most major cryptocurrencies face significant declines, signaling a potential shift in market dynamics. Miners have strategically reduced their computing power by 20% over three quarters to accommodate artificial intelligence demands, fundamentally altering the Bitcoin mining landscape.
This strategic pivot by miners reflects a growing adaptation to AI processing demands, potentially redirecting valuable computational resources away from Bitcoin mining. Meanwhile, Venice's token surged 10% after the company announced crossing $100 million in annualized revenue, demonstrating that specific projects continue to attract investor interest even amid broader market volatility.
This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.
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