Bitcoin hovered near $63,000 after hitting an intraday low of $62,470, remaining virtually flat over 24 hours and leaving seven-day losses at 2.6%. BTC Stumbles Near $63,000 Bitcoin dipped below $63,000 for the second consecutive day on Friday, with the decline deepening in early trading.
Bitcoin's network hashrate has fallen about 17% from its record high, highlighting mounting pressure on mining economics. Public miners are redirecting power toward AI and high-performance computing, with more than $70 billion in announced contracts across the sector. Hut 8's AI data center portfolio has reached $26.
Bitcoin (BTC), the largest cryptocurrency by market capitalization, has fallen roughly 2% over the past week, keeping traders cautious as broader macroeconomic uncertainty and the delayed U.S. CLARITY Act weigh on sentiment.
Galaxy Research says the lull likely means vulnerable holders migrated, or were already emptied.
Bank Leumi partnered with Galaxy Digital to launch Bitcoin, Ether and Solana trading for customers through its Leumi Trade app in early 2027. Israel's largest bank partners with Galaxy to offer BTC ETH and SOL trading.
Transferring Bitcoin from a foreign exchange to an Austrian platform: which tax data can be missing for the withholding tax. And what investors need to watch out for.
Bank Leumi's 2022 attempt died at the Bank of Israel. A softer regulatory line and Galaxy's custody stack now give it another shot in early 2027.
Chinas central bank injected fresh liquidity into the financial system on Friday, but the move failed to provide an immediate boost to Bitcoin. The Peoples Bank of China (PBOC) used overnight reverse repos for the first time in the middle of a month, injecting roughly 350 billion yuan.
Bank Leumi, Israels largest bank, is preparing to launch cryptocurrency trading services in early 2027, becoming the first Israeli bank to announce plans to provide customers with direct access to digital asset trading. The new service will allow customers of Bank Leumi and its mobile banking platform, Pepper, to buy, sell and hold Bitcoin (BTC), Ethereum (ETH) and Solana (SOL).
Bitcoin's network hashrate has fallen as much as 17% below its all-time high, per CryptoQuant, as publicly listed miners redirect power and capital toward artificial intelligence data centers instead of chasing new mining capacity.
Hyperscale Data sold approximately 685 BTC for $43 million to fund its Michigan data center, reducing its holdings to 275 BTC. The company said the transaction strengthened its liquidity and allowed it to reduce its debt by approximately $30 million. Several public miners are redirecting capital toward artificial intelligence and high-performance computing infrastructure.
Bitcoin miner Hyperscale sold most of its Bitcoin but said it plans to rebuild its holdings through mining and future purchases.