Bitcoin Steadily Holds Above $64K as Tech Sell-Off Looms

The South Korean Kospi plummeted by 4.4% on Thursday, marking its worst single-day performance in months due to growing doubts about near-term AI spending and valuations.

This sell-off has triggered concerns that the AI trade may be entering a phase of profit-taking and reassessment, which could impact the cryptocurrency market, particularly those tokens tied to AI and blockchain.

However, Bitcoin remained relatively unaffected, trading steadily above $64,000. This steadiness suggests a potential decoupling narrative: Bitcoin as a store of value rather than a pure risk-on bet.