Bitcoin holds near $65,000 despite an $800 billion AI stock selloff. See the latest BTC price, Ethereum, Dogecoin, XRP, Solana performance, and market analysis.
Bitcoin remained resilient on Friday, trading near $65,400, even as nearly $800 billion was wiped from the market value of major U.S. technology companies. The surprising stability suggests that the world’s largest cryptocurrency may be beginning to trade independently of the AI-driven stock market rally.
Bitcoin Shows Strength While Tech Stocks Tumble
During Asian trading hours, Bitcoin slipped less than 1%, holding around $65,400 and remaining 3% higher for the week. The broader cryptocurrency market, however, saw moderate losses:
- Ethereum (ETH): Down 3% to $1,879
- Dogecoin (DOGE): Down 5% to $0.069
- XRP: Fell 2% to $1.11
- Solana (SOL): Lost 3% to $76
- Hyperliquid (HYPE): Down 4% over the past week
Despite these declines, crypto losses were relatively small compared to the sharp correction in U.S. equities.
AI Spending Fears Trigger Massive Tech Selloff
The so-called Magnificent Seven technology companies suffered their worst trading session since April 2025, losing approximately $797 billion in market value.
The broader market also weakened:
- S&P 500: Down 1.2%
- Nasdaq 100: Down 1.9%
Investor concerns intensified after:
- Alphabet increased its 2026 capital expenditure forecast to $205 billion.
- Tesla CEO Elon Musk described 2026 as a “massive capex year” while reporting weaker-than-expected earnings.
These announcements renewed concerns that Big Tech companies are spending aggressively on artificial intelligence infrastructure without clear returns.
Bitcoin Appears to Break Away From AI Trade
Over the past month, Bitcoin has closely mirrored AI-related technology stocks, often rising and falling alongside semiconductor companies. However, Friday’s market action marked a noticeable shift.
While AI stocks experienced heavy selling, Bitcoin held firm, indicating that investors may be treating the cryptocurrency as an independent asset rather than simply another AI-related investment.
Market analysts caution that it is too early to confirm a lasting trend. Bitcoin mining companies are increasingly expanding into AI data center businesses, meaning prolonged weakness in AI spending could eventually affect the crypto sector as well.
Market Outlook
Bitcoin’s ability to remain near $65,000 during one of the biggest technology selloffs of the year is encouraging for crypto investors. Whether this signals a permanent decoupling from AI-driven equities or simply a temporary divergence will become clearer in the coming weeks.
For now, Bitcoin continues to demonstrate resilience while traditional technology stocks face increasing pressure from concerns over rising AI investment costs.