Bitcoin Falls Below $75,000 as Miners Pivot to AI and Legislation Stalls

Bitcoin slipped below $75,000 on May 27 after failing to hold the $78,000 level, extending losses amid a sharp rotation into AI-related equities. While the Nasdaq 100 and Russell 2000 hit record highs, memory-chip stocks Micron and SK Hynix each surged past $1 trillion in market value, drawing capital away from crypto. Miners are reallocating reserves toward AI infrastructure and selling BTC holdings, while stalled pro-crypto bills and a static Fed balance sheet near $6.7 trillion have further weakened sentiment. The moves mark a growing decoupling from traditional risk assets and lower the odds of a near-term breakout above $82,000.