Bitcoin held near the $65,000 mark on Friday as a massive selloff in AI-related stocks wiped out roughly $800 billion in market value, but left the crypto market largely untouched. The Magnificent Seven stocks had their worst day since April 2025, yet Bitcoin fell less than 1% during the rout. Dogecoin led the decline among major cryptocurrencies, but overall the sector showed surprising resilience.
Why crypto didn't follow stocks lower
The selloff was concentrated in AI-exposed equities, triggered by concerns over overvaluation and slowing demand for AI infrastructure. Crypto assets, which have often moved in tandem with tech stocks in recent years, decoupled this time. Bitcoin's tight range near $65,000 suggests traders are treating it as a separate asset class, at least for now.
Dogecoin leads the dip
Among the top cryptocurrencies, Dogecoin saw the largest percentage drop, though the decline was still modest compared to the equity rout. Other major coins like Ethereum and Solana also edged lower but remained within recent trading ranges. The selloff did not trigger any panic selling or exchange outages.
The divergence between AI stocks and crypto raises questions about whether the correlation is truly breaking down. Whether the decoupling holds will be tested if the AI selloff deepens. For now, Bitcoin remains anchored near $65,000, and the crypto market appears to have weathered the storm.
