Bitcoin Holds Near $65,000 Despite AI Stock Selloff as Tech Correlation Eases

Bitcoin remained relatively steady near $65,000 even as artificial intelligence-linked stocks slid in the US market.

Crypto-focused media outlet Odaily reported on July 24 that Bitcoin held near the $65,000 level despite heavy selling in US AI shares, highlighting the token's resilience.

The so-called Magnificent Seven of large US technology stocks recently posted their worst daily performance since April, dealing a sharp blow to sentiment across the broader tech sector.

Even so, the latest drop in AI shares appears not to have spilled over significantly into the crypto market. Bitcoin's price showed only limited swings, pointing to a possible weakening in the correlation between digital assets and high-growth technology stocks.

Market analysts view Bitcoin as being driven more by flows within the digital-asset market, institutional demand and the outlook for macro liquidity than by moves in technology stocks.

With volatility rising across traditional risk assets, markets are watching whether Bitcoin can sustain an independent price trend around $65,000.