Bitcoin holds near $65,000 as $800 billion AI selloff leaves crypto largely untouched

MarketsBitcoin holds near $65,000 as $800 billion AI selloff leaves crypto largely untouchedThe 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.By Shaurya Malwa Jul 24, 2026, 4:43 a.m. 2 min readMake preferred on ShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShowBitcoin 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.Bitcoin held near $65,000 in Asia morning hours on Friday, barely moving while nearly $800 billion evaporated from the biggest U.S. technology stocks - a rare stretch of independence for an asset that has tracked the AI trade all month.The largest cryptocurrency traded at about $65,400, down less than 1% on the day and up 3% on the week. Ether slipped 3% to $1,879, and the rest of the majors leaned red. Dogecoin was the worst of them, down 5% on the day to $0.069 and 4% on the week. XRP fell 2% to $1.11, Solana lost 3% to $76, and Hyperliquid's HYPE dropped to $58, down 4% over seven sessions. The moves were losses, but modest ones against what was happening in equities.The Magnificent Seven, a colloquial term for the megacap group that has driven U.S. stocks for three years, fell 4.8% on Thursday and shed $797 billion in market value in their worst day since the tariff selloff of April 2025, according to Bloomberg.The drop dragged the S&P 500 down 1.2% and the Nasda…

Bitcoin holds near $65,000 as $800 billion AI selloff leaves crypto largely untouched

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