Bitcoin Shrugs Off $800B AI Sell-Off
Bitcoin (BTC) is trading near $65,500 after briefly slipping toward $64,600 intraday. Despite recent selling pressure across risk assets, BTC has shown relative resilience.
The latest pullback followed a wave of selling in growth and technology names, which weighed on market sentiment. Heavy selling in large-cap stocks made institutional investors more cautious, making it difficult for crypto to attract fresh momentum.
BTC's price remains below its cycle high near $126,000, with the market value having contracted sharply. Margin-related selling added pressure as some traders liquidated BTC to meet collateral calls.