Bitcoin holds near $65,000 as $800 billion AI selloff leaves crypto largely untouched
The Magnificent Seven had their worst day since April 2025 after Alphabet and Tesla spooked investors on AI spending. Bitcoin fell less than 1%, and dogecoin led the majors lower.
Make preferred on
Share this article
Summary
- Bitcoin hovered around $65,400 in Friday’s Asian trading, barely budging despite a sharp sell-off in major U.S. technology stocks.
- The Magnificent Seven megacap tech stocks lost about $797 billion in market value on Thursday, dragging the S&P 500 and Nasdaq 100 lower and leaving the group 11 percent below its late-May peak.
- Concerns that Big Tech is spending on artificial-intelligence infrastructure faster than profits can justify have recently tied bitcoin closely to the AI trade, but its resilience during this equity rout hints at a possible, though unproven, decoupling.
