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Bitcoin Defies AI Sell-Off, Holds Steady at $65,400

Guavy AI Editorial Team
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The price of Bitcoin held steady at around $65,400 in Friday's Asian trading session, 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% below its late-May peak.

A key trigger for the sell-off was AI spending, with Alphabet raising its capital expenditure forecast to as much as $205 billion this year and Tesla CEO Elon Musk calling 2026 'a massive capex year' after reporting profits well below expectations.

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