Bitcoin Slides to $75,000 Amid Record Stock Closes

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 1 hour ago

AI-6.923%

BTC-3.09%

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Bitcoin Price Decline: Bitcoin slid nearly 2% to $75,000 on Wednesday, even as major US stock indexes like the Dow, S&P 500, and Nasdaq reached record highs, highlighting a widening gap between crypto and equities.
Miners Shift to AI Infrastructure: Former Bitcoin miners such as Cipher and Hut 8 saw significant stock gains, with Cipher's CEO declaring 2026 as a pivotal year for execution, indicating a strategic pivot towards AI for new growth opportunities.
Power Demand Drives Gains: Analysts attribute the surge in miner stocks to power capacity rather than crypto prices, with 11 publicly traded miners controlling around 27 gigawatts of power capacity, emphasizing electricity as the new scarce resource for investors.
Bitcoin Network Security Risks: As large miners transition to AI, analysts warn of potential concentration risks for Bitcoin network security, with expectations that a hybrid model will emerge to address these challenges over time.

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Technical Analysis for AI

Technical Sentiment Analysis for Sleepless AI (AI). As of , Sleepless AI (AI) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 6 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Sleepless AI (AI) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0166	0.0203	0.0238	0.0275	0.031	0.0347	0.0382
Fibonacci	0.0203	0.0231	0.0248	0.0275	0.0303	0.032	0.0347

About AI

Where AI meets affections Sleepless AI emerges as a groundbreaking Web3+AI gaming platform, ingeniously blending artificial intelligence and blockchain technology. At its core, Sleepless AI aims to revolutionize the gaming industry with its unique approach and the extensive expertise of its team. Our mission is to offer unparalleled emotional support and immersive gaming experiences through AI companion games. The project seeks to redefine the gaming landscape by seamlessly integrating advanced AI and blockchain technologies.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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