Bitcoin Holds Steady Near $65K as Massive $800 Billion AI Selloff Hits Tech Giants
Bitcoin is demonstrating significant strength, holding firm near the $65,000 level despite a massive $800 billion selloff in the AI-driven tech sector. While traditional markets face intense pressure, the crypto market has remained largely decoupled from the broader tech contagion.
The volatility was triggered by the 'Magnificent Seven' experiencing their worst trading day since April 2025, following spooked investor sentiment regarding Alphabet and Tesla's AI spending. While Bitcoin saw a negligible drop of less than 1%, altcoins like Dogecoin led the minor downward trend among major assets.
Bitcoin is holding steady near the $65,000 mark, showing remarkable resilience as an $800 billion selloff in AI-related stocks leaves the crypto market largely untouched. This divergence highlights Bitcoin's growing role as a distinct asset class during periods of tech-sector instability.
The selloff was driven by the 'Magnificent Seven' tech stocks, which suffered their worst performance since April 2025 after Alphabet and Tesla raised concerns regarding massive AI capital expenditures. In the crypto space, Bitcoin fell less than 1%, while Dogecoin led the majors lower during the brief period of volatility.
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