Bitcoin Stays Near $65,000 as Tech Stocks Lose Nearly $800 Billion

Bitcoin held steady near $65,300 during Friday’s Asian trading session, showing little reaction to a sharp selloff that wiped out close to $800 billion from US technology stocks. Btc slipped less than 1% on the day while remaining up 3% for the week, a rare moment of separation from an asset that has closely tracked tech markets throughout the month.

Other major tokens fared worse. Dogecoin falling 6% on the day, while Ether, XRP, Solana and Hyperliquid’s HYPE all posted declines between 2% and 3%.

The decline pulled the S&P 500 down 1.9% and the Nasdaq 100 down 2%.

Alphabet and Tesla Spark Investor Worry

The selloff followed Alphabet raising its 2026 capital expenditure forecast to as much as $205 billion, along with Tesla reporting weaker than expected profits as CEO Elon Musk described heavy AI-related spending plans. Investors have grown increasingly concerned that AI infrastructure spending is outpacing near-term returns.