Bitcoin Remains Near $65,000 Amid Major AI Selloff Impacting Tech Stocks

The cryptocurrency market showed resilience as Bitcoin maintained its position close to $65,000, even as the tech sector experienced its worst day since April 2025. The decline was driven by Alphabet and Tesla, which saw their shares drop amid fears over increased AI spending and its impact on valuations.

Despite the turbulence in the tech sector, Bitcoin's price fell less than 1%, indicating limited spillover into the broader crypto market. Among the major altcoins, dogecoin experienced the most significant decline, leading the majors lower.

The selloff in tech stocks was triggered by investor concerns over escalating AI investments by industry giants, which prompted a reassessment of growth prospects and valuation models. However, the crypto market's reaction remained muted, suggesting ongoing confidence in digital assets despite macroeconomic headwinds.

This event underscores the ongoing decoupling of crypto from traditional equities, with Bitcoin continuing to serve as a relatively stable asset amid sector-specific volatility. The resilience may reflect growing institutional interest and the perception of Bitcoin as a hedge against macroeconomic uncertainty.