Successful American corporations like Facebook (Meta Corporation), Apple (Inc.), Amazon (Inc.), Netflix (L.P.), and Google (Alphabet Inc.), together known as FAANG Stocks, make up a large portion of the portfolio. The study looked at Bitcoin and its effects on the FAANG stocks and the bubbles in these stocks. The study used the Augmented Dicker Fuller Test (both the RADF and SADF variants) to spot bubbles in the stock and cryptocurrency markets. This research also examined the immediate and extended spillover effects of Bitcoin on FAANG Stocks using multivariate DCC-GARCH and Granger Causality Spillover Analysis. The research calculated the net volatility and the pairwise spillover effects using the Diebold and Yilmaz technique. The analysis uncovers systemic problems and the lasting impact of Bitcoin on five different equities. These results may be used by enterprises, corporations, traders, and investors to diversify their stock portfolios through hedging and strategy.