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Bitcoin stalls near $64K as global stocks hit records; crypto sees capital outflows amid AI hype.

Market News
05 Aug 2026
Coindesk
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Neutral
Bitcoin stalls near $64K as global stocks hit records; crypto sees capital outflows amid AI hype.

Bitcoin remains flat near $64,000 despite global stock indexes reaching record highs driven by AI optimism and easing geopolitical tensions. Crypto-specific weakness is evident as U.S. spot bitcoin ETFs saw $5.4 billion in net outflows in H1 2026, with capital rotating into AI-linked assets. Derivatives data show subdued activity in bitcoin and ether futures but aggressive buying in select altcoins. Notably, Tether's market cap contracted sharply by $4 billion over 60 days, signaling capital leaving crypto and possibly marking late-stage selling. A sustained crypto recovery would require Tether's supply to increase again. Upcoming U.S. economic data may influence market direction.

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