Bitcoin is on track to finish the week roughly 3% lower, diverging from record highs in US stocks as cooling inflation and reduced Fed rate-hike expectations failed to lift the cryptocurrency. BTC fell from around $65,000 on Monday to as low as $62,470 by Friday, while the Nasdaq 100 closed about 1% higher. Analysts cited weak underlying demand, continued spot Bitcoin ETF outflows, and stalled crypto legislation in Washington as key headwinds. Michael Saylor, executive chairman at Strategy, said massive capital commitments to AI infrastructure by companies such as Alphabet, Meta, and SpaceX are competing with Bitcoin for speculative and institutional money. US spot Bitcoin ETFs have recorded $5.48 billion in net outflows in 2026, while AI-focused ETFs and the VanEck SMH semiconductor ETF have attracted billions in inflows. Technically, Bitcoin remains in a bearish structure after a June bear flag breakdown, with a measured downside target near $50,800 and a smaller bear pennant suggesting a potential move toward approximately $46,300.
Alphabet Inc Class C
Meta Platforms Inc.
MicroStrategy Incorporated
