FxPro chief market analyst Alex Kuptsikevich said Bitcoin is coming under pressure as some of the companies that previously helped drive institutional adoption are increasingly redirecting capital and attention toward AI data centers. The shift has made BTC’s almost unchanged 50-day moving average a key technical level to watch.
Treasury Yields Put Pressure on Stablecoins
Re7 Capital linked the recent contraction in stablecoin supply to the rise in U.S. Treasury yields, which has made traditional fixed-income assets more competitive with decentralized finance.
The investment firm said stablecoin growth has historically responded to the gap between returns available through onchain markets and yields offered by U.S. government bonds. With the 10-year Treasury yield nearing 5%, DeFi is facing a tougher environment for attracting fresh capital.
That pressure is already visible in stablecoin valuations. CoinDesk data shows the total stablecoin market capitalization has declined by around $10 billion since May. July accounted for the largest monthly drop since 2022.
The pattern was reversed in late 2023. When the 10-year Treasury yield peaked near 5% in October and subsequently moved lower, stablecoin supply began expanding steadily.
The latest increase in yields has interrupted that trend. Inflation concerns linked to the Iran conflict have pushed Treasury yields higher, while stablecoin growth has slowed.
Re7 said the situation could improve if Treasury yields decline. Lower bond yields would make DeFi returns relatively more appealing, potentially encouraging investors to bring liquidity back onchain and supporting another period of stablecoin expansion.
Anthropic Introduces Watermarks for Claude Content
Anthropic plans to add machine-readable markings to content created by its Claude models as part of its commitments under the European Union’s AI Act transparency framework.
Claude models released in the EU from Aug. 2, 2026, will include these markings from launch, the company said. Generated text will feature embedded watermarks, while compatible files will include digitally signed provenance metadata indicating their AI-generated origin.
The system is expected to cover Anthropic’s major products, including the Claude API, Claude app, Claude Code, Cowork and Tag. Anthropic said the same approach will be deployed internationally rather than being restricted to European users, although certain platforms and features may not support every type of marker.
The company also intends to make the markings detectable by users and external parties and plans to publish technical documentation explaining the system.
Earlier Claude models released before Aug. 2 will be covered by a transition period. Anthropic said it is developing support for content marking on those models as well.
Bitcoin Falls as Institutional Focus Moves Toward AI
Bitcoin fell approximately 2% to $64,200 on Monday as the broader crypto market also moved lower. According to Kuptsikevich, the decline reflects more than general market weakness, with companies that once promoted Bitcoin increasingly moving toward AI infrastructure.
The overall crypto market capitalization dropped about 2% to $2.18 trillion, while the market recorded roughly 10 decliners for every advancing token.
The companies making the shift include some of the biggest names associated with Bitcoin’s institutionalization. Strategy and miners such as MARA have spent the past two years expanding their focus on AI data centers.
Kuptsikevich said institutional investors may be reducing Bitcoin exposure to generate liquidity or reallocating capital into AI-related opportunities. Continued corporate rotation away from crypto could increase selling pressure and potentially accelerate BTC liquidations in the weeks ahead.
He noted that corporate participation helped give Bitcoin greater institutional credibility, but those companies are now changing direction. Their departure could leave a larger share of the market in the hands of retail investors, who played a central role in Bitcoin’s early development.
From a technical perspective, Bitcoin remains slightly above its 50-day moving average. The indicator has barely moved for around three weeks, highlighting the ongoing battle between sellers distributing coins and buyers absorbing supply. Holding this moving average could prove crucial for determining Bitcoin’s next directional move.
