Bitcoin Mining Stocks Sink 20% as AI Sentiment Cools, BTC Holds Near $63K

Bitcoin mining stocks fell roughly 20% on July 7 as enthusiasm for AI-linked infrastructure plays cooled and chip-sector sentiment weakened. Despite the equity sell-off, Bitcoin remained resilient, trading near $63,042 and holding support above $58,115 while showing clear decoupling from miner share performance. Earlier in 2026, BTC had dropped nearly 30% below $60,000, yet mining equities surged 56% as investors repriced the sector around 27 gigawatts of planned power capacity and 15- to 25-year AI hosting contracts signed by firms such as IREN, Cipher Mining, and TeraWulf.