Bitcoin is struggling to break above $65,000, trapped in a range of $62,500 to $66,900 over the past week as capital flows toward artificial intelligence stocks. While spot Bitcoin ETFs recorded seven consecutive days of inflows totaling nearly $1 billion, $6.9 billion exited those same funds between May and June. Meanwhile, Big Tech is investing between $190 billion and $205 billion in AI infrastructure this year, while the 10-year TIPS real yield hit a post-pandemic high of 2.31%, putting additional pressure on non-yielding assets like Bitcoin. Analyst Wise Crypto believes Bitcoin needs lower inflation, falling yields, and stronger demand to break out of the $60,000-$70,000 range.
Source: Read the original article
