The Magnificent Seven had their worst day since April 2025 after Alphabet and Tesla spooked investors on AI spending. Bitcoin fell less than 1%, and dogecoin led the majors lower.

A two-day chip rebound stalled ahead of Alphabet's earnings in a sign of whether the hundreds of billions going into AI is paying off. Bitcoin has tracked that trade all month.

Bitcoin traded near $65,700 on Thursday as inflation concerns capped gains. Strong ETF demand persisted, adding $203 million on Tuesday. Major altcoins like BNB and XRP saw gains…