Crypto
Home›Crypto›Bitcoin›Bitcoin slips as tech stocks drag after Micron loss ma…
Bitcoin slips as tech stocks drag after Micron loss marks 30% drop
BTC/USD hovered around $64,500, down 1.5%, as US tech selling intensified and Micron fell 15% on the day after topping a 30% decline from its June 22 record.
Bitcoin eased from recent highs Thursday, slipping 1.5% from its three-week peak as US equities turned lower, according to Cointelegraph. Trading data cited in the report showed BTC/USD trading around $64,500.
Cointelegraph linked the mood shift to a reversal in markets that had initially reacted positively to two straight days of cooler-than-expected US inflation data, with both CPI and PPI declining in June. As tech shares came under pressure, Micron Technologies was noted down 15%, with its overall move described as down more than 30% from its June 22 record high.
The report also pointed to retail profit-taking in single-stock activity, citing commentary that Tesla and Apple sales totaled $200 million over the past two weeks. It added that total retail turnover in single stocks rose to a record $370 billion, up from $220 billion at the start of 2026.
On the technical side, the article cited market commentary that anchored volume-weighted average price from Bitcoin’s run to $82,000 in early May could act as a cap for the rebound. It also referenced a separate view that BTC/USD showed initial signs of rejection from its 50-month exponential moving average around $65,900, with the analyst comparing current behavior to patterns from 2022.
Latest closeBitcoin $81,906.63 ▼1.4%