Crypto
Bitcoin Defies AI Stock Selloff with Steady $65K Hold
Bitcoin has demonstrated resilience in holding near the $65,000 mark despite a recent selloff in U.S. AI stocks.
The correlation between cryptocurrencies and growth technology stocks may have weakened as the large-cap tech shares known as the Magnificent Seven posted their worst one-day performance since April.
Market analysts say that Bitcoin is being driven more by capital inflows, institutional demand, and the outlook for macro liquidity than by moves in tech stocks.