Bitcoin Price Falls Further as BTC Miners Shift to AI and Crypto Bills Face Delays

Bitcoin continued to struggle on May 28, falling below $73,000 and moving further away from the strong performance seen in US stock markets. The decline came as major indexes, including the Nasdaq 100 and Russell 2000, reached record highs, supported by growing excitement around artificial intelligence and strong company earnings.

Bitcoin’s rejection near the $78,000 level raised concerns among traders, especially after months of moving closely with traditional markets. Analysts said the latest weakness signals a growing disconnect between crypto and stocks, reducing expectations of a quick move above $82,000.

Bitcoin Miners Shift Focus Toward AI Infrastructure

One factor adding pressure to Bitcoin is the changing strategy among mining companies. Several publicly traded Bitcoin miners are now expanding into artificial intelligence infrastructure instead of focusing only on crypto mining.

TeraWulf recently announced plans to add 1 gigawatt of high-performance computing capacity in Kentucky, showing how miners are increasingly turning toward AI-related business opportunities. Some investors also pointed to recent Bitcoin reserve sales by mining firms as another reason behind weaker market demand.

Pro-Crypto Regulation Delays Hurt Market Sentiment

Investor confidence has also been affected by delays in crypto-related legislation in the United States. The Digital Asset PARITY Act, which would delay taxes on mining and staking rewards until assets are sold, has been introduced but is not yet scheduled for hearings.

Another development adding pressure came after Trump Media & Technology Group reportedly moved 2,650 Bitcoin worth about $205 million to a crypto exchange address, according to blockchain tracking data. The company had earlier accumulated more than 11,500 Bitcoin at an average purchase price above $118,500.

Federal Reserve Policy Adds More Uncertainty

Investors were also expecting stronger support from the US Federal Reserve through balance sheet expansion and liquidity measures. However, the Fed’s total assets have remained close to $6.7 trillion since mid-April, showing a more cautious approach.

Higher oil prices and inflation concerns are believed to be limiting aggressive economic support from the central bank, creating more uncertainty for risk assets such as Bitcoin while AI-related stocks continue to attract investor attention.