Bitcoin Holds Near 65,000 Dollars as an 800-Billion-Dollar Technology Selloff Spares Crypto

Bitcoin held near 65,000 dollars and fell less than 1 percent even as a selloff estimated at 800 billion dollars hit the largest United States technology companies, CoinDesk reported. Those shares dropped sharply after results and commentary from Alphabet and Tesla raised concern about the scale of spending on artificial intelligence.

Among major digital assets, dogecoin led the declines, according to CoinDesk, but the moves were modest against the size of the equity retreat. The relative calm in crypto contrasts with a session in which technology stocks and, separately, government bonds both came under pressure from the widening conflict in the Gulf.

Bitcoin is often described as a high-risk asset that should fall hardest when investors reduce risk. Its steadiness on a day of heavy equity selling is a notable divergence rather than a confirmation of that usual pattern.