AI Fears Drag Bitcoin Below $65K Amid Tech Rout

A selloff in tech stocks triggered by fears of artificial intelligence disrupting entire sectors has dragged Bitcoin (BTC) below $65,000. The Nasdaq Composite dropped more than 2% on Thursday as investors dumped shares of companies tied to AI.

Nvidia, Meta, Amazon, and Apple all posted steep losses, with Apple falling around 5%. Cisco Systems tumbled more than 12% after issuing a weak profit outlook that overshadowed rising sales linked to Big Tech's AI buildout.

The correlation between total crypto market capitalization and major equity ETFs has climbed above 0.9 over the past 24 hours, meaning moves in technology stocks are echoing almost immediately in digital assets.