Bitcoin Resists AI-Driven Sell-Off as Tech Stocks Plummet

Bitcoin hovered around $65,400 on Friday morning in Asia, relatively unchanged despite a significant sell-off in major U.S. technology stocks.

The Magnificent Seven megacap tech stocks lost about $797 billion in market value on Thursday, causing the S&P 500 and Nasdaq 100 to decline by 1.2% and 1.9%, respectively.

This sharp drop has raised concerns that Big Tech is investing heavily in AI infrastructure faster than it can justify, leading to a worry that has been building for weeks.

Bitcoin's resilience during this equity rout hints at a possible decoupling from the AI trade, which has closely tied the cryptocurrency to semiconductors and AI spending all month.