Bloomberg: BTC holds firm despite weakness in U.S. tech stocks

Bitcoin has remained relatively resilient even as U.S. technology stocks weaken, Bloomberg reported. Axel Rudolph, senior technical analyst at IG, said selling in tech stocks has spread amid doubts over the profitability of AI investments and concerns about tighter data center regulation, while BTC is holding its current range on buying demand. Rudolph added it is worth watching whether BTC is starting to decouple from tech stocks. Samuel Lane, co-head of crypto trading at Marex, said selling pressure is easing, but the recent rebound looks more like a temporary relief rally. Lane added BTC needs to reclaim $77,000 to secure upward momentum and could retest $75,000 if the stock-market decline continues.