Bitcoin maintained a price near $65,400 on Friday, showing unexpected resilience as a massive $800 billion selloff in major U.S. technology stocks rattled broader financial markets.

Key Points

• Bitcoin traded at approximately $65,400, recording a decline of less than 1% despite significant volatility in equity markets.
• The "Magnificent Seven" technology stocks lost $797 billion in market value on Thursday, marking their worst performance since April 2025.
• Alphabet and Tesla triggered the tech selloff after reporting concerns regarding the high capital expenditure required for artificial intelligence infrastructure.
• Major cryptocurrencies including Ether, Dogecoin, and Solana saw modest losses, though these declines were significantly smaller than those seen in the Nasdaq 100.
• The recent market movement challenges the trend of bitcoin acting as a direct proxy for the artificial intelligence capital cycle.

Why it Matters

This divergence suggests a potential decoupling between cryptocurrency prices and the AI-driven tech sector, which have been closely correlated throughout the month. If this trend continues, it could indicate that digital assets are beginning to trade based on their own market fundamentals rather than solely reflecting sentiment toward Big Tech infrastructure spending.