A sharp decline in major technology stocks failed to spill over meaningfully into digital assets, signaling a potential divergence between crypto and equities. The Magnificent Seven group of tech giants recorded their worst trading day since April 2025, with Alphabet and Tesla rattling investors over concerns about heavy AI-related spending. The combined selloff wiped out roughly $800 billion in market value. Despite the turmoil in equities, Bitcoin proved resilient, slipping less than 1% and holding near the $65,000 mark. Other major cryptocurrencies posted modest losses, with dogecoin leading the declines among leading tokens. The muted reaction suggests crypto markets were relatively insulated from the pressures weighing on AI-linked technology names. The episode highlights ongoing questions about the correlation between digital assets and traditional risk markets during periods of stock-specific volatility.
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