Bitcoin climbed above $64,000, diverging from a broader decline across most major cryptocurrencies. The rise comes as publicly listed mining companies cut their combined computing power by more than three quarters to build infrastructure for artificial intelligence. Meanwhile, global financial markets faced fresh pressure from rising energy prices and geopolitical developments. Most major cryptocurrencies retreated alongside the move. Ether eased half a percent to just under $1,900, though it retained an almost weekly gain. XRP dropped to just under $1 and finished down on the week, ranking as the weakest performer in the group. Dogecoin fell almost half a percent to 7 cents, while BNB and Tron recorded marginal declines to just over $600 and 33 cents, respectively. Solana was unchanged, trading just under $76. Hyperliquid’s HYPE token proved the main exception among smaller major coins, rising to just over $59 and posting the strongest seven-day performance across the sector. Despite Bitcoin's climb, technical analysts urged caution. Alex Kuptsikevich, chief market analyst at FxPro, said Bitcoin has spent four days below its 50-day moving average after failing to break higher. Kuptsikevich added that the coin remains below its 200-week moving average over the longer term, keeping sellers in control of both medium- and long-term trends. In his view, market conditions will not shift until Bitcoin breaks out of the $62,000 to $65,000 range. Underneath the price action, the network's structure is also shifting. According to Miner Weekly, publicly listed miners reduced computing capacity by over 75 percent to serve AI infrastructure, driven by weak mining economics and competition for power and capital. Venice, an AI platform founded by Erik Voorhees, reported passing $100 million in annualized revenue, with its VVV token climbing to roughly $13.30. Wider commodity and financial markets also moved. Brent crude oil rose over half a percent to just over $91 a barrel after President Donald Trump said he had no interest in extending an expiring agreement with Iran, alongside renewed fighting in Lebanon. Higher energy costs revived inflation concerns, pushing Asian bonds lower alongside US Treasuries, while equities and futures declined. Trading patterns also shifted, with combined centralized exchange (CEX) volume falling to $3.76 trillion in July, its lowest level since November 2023. At the same time, decentralized exchange (DEX) spot market share reached a record high, and real-world asset perpetual futures (RWA perps) reached $460 billion. The rising cost of Brent crude oil directly affects fuel and transport expenses in Somalia and across the Horn of Africa, where electricity generation depends heavily on imported diesel. Meanwhile, declining trading activity on centralized platforms means Somali cryptocurrency users require greater technical knowledge to navigate decentralized exchanges, manage private wallets, and handle network fees safely.