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Bitcoin holds steady near $65,000 despite $800B tech selloff over AI spending worries

Market News
24 Jul 2026
Coindesk
View Source
Neutral
pluang ai news

Bitcoin remained stable around $65,400 during Asian trading despite a massive $797 billion drop in value among major U.S. tech stocks, known as the Magnificent Seven, due to concerns over heavy AI infrastructure spending. This selloff dragged the S&P 500 and Nasdaq 100 down, but Bitcoin's resilience suggests it may be starting to decouple from the AI-driven tech market trends. While other cryptocurrencies like Ether and Dogecoin saw modest declines, Bitcoin's stability amid this equity turmoil highlights its potential independence from the AI capital cycle that has influenced it heavily this month. The situation remains uncertain, but this could mark a shift in how Bitcoin reacts to tech sector fluctuations.

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Cadillac Mines raises $385M in upsized IPO priced at CA$6.90 per share, listing on TSX July 24, 2026.

Cadillac Mines raises $385M in upsized IPO priced at CA$6.90 per share, listing on TSX July 24, 2026.

Cadillac Mines Corporation announced the pricing and upsizing of its initial public offering (IPO) to approximately CA$385 million, selling 47.1 million common shares at CA$6.90 each and 6.3 million special accretive shares at CA$9.52 each. The incre...

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Cadillac Mines upsizes IPO to $385M, pricing shares at $6.90 and $9.52, with Agnico Eagle investing $60M.

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Cadillac Mines Corporation has priced and upsized its initial public offering to $385 million, selling 47.1 million common shares at $6.90 each and 6.3 million special flow-through shares at $9.52 each. The offering includes a treasury sale raising a...

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Coinbase adds native INJ token support for trading, deposits, and withdrawals

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Silgan Holdings rated 'hold' as revenue grows but profits and cash flow remain flat.

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Silgan Holdings is maintained at a 'hold' rating due to revenue growth being offset by stagnant profits and cash flows. Although the company's valuation appears cheap, it is not attractive compared to its packaging industry peers, limiting potential ...

Analyst Insights
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Binance adds ACX, LSK, and STX to Monitoring Tag for closer review amid volatility concerns

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