Bitcoin climbed above the $64,000 threshold while most major cryptocurrencies experienced declines during the session.
Simultaneously, industry data shows that crypto miners have reduced their overall computing power by a fifth over the course of three quarters. The capacity reduction is driven by miners reallocating infrastructure and resources to accommodate artificial intelligence operations.
In individual token activity, Venice's native token advanced 10%. The upside movement followed an announcement from the company reporting that it had crossed $100 million in annualized revenue.
