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Bitcoin jumps past $64,000 as other cryptos fall; AI shifts impact Bitcoin mining and equity futures drop on Middle East tensions.

Market News
18 Aug 2026
Blockonomi
View Source
Bearish
pluang ai news

Bitcoin surged above $64,000, standing out as the only major cryptocurrency with gains amid a bearish market where Ethereum, XRP, and others declined. Public Bitcoin mining operations have cut their hashrate by 21% over nine months, shifting focus to AI ventures due to profitability and competition for resources. Meanwhile, Venice's VVV token rose 10% after reporting $100 million in annual revenue. U.S. equity futures fell on rising oil prices linked to U.S.-Iran tensions, with key indexes retreating and energy stocks gaining. Investors await retail earnings and Federal Reserve minutes amid concerns over U.S. consumer strength.

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