Bitcoin slips to $64,500 as Micron, tech stocks tumble

Bitcoin fell about 1.5% to roughly $64,500 on Thursday as US stocks cooled and technology shares weakened. The price decline came after two days of lower-than-expected US inflation readings that had briefly lifted risk assets.

June data showed both the Consumer Price Index and Producer Price Index came in below forecasts, initially pushing equities and cryptocurrencies higher. Those gains faded on Thursday as selling pressure in technology names intensified, pulling broader markets lower and reversing some of Bitcoin’s recent momentum. Market data showed BTC/USD below the three-week highs recorded the previous day.

Micron Technologies led the pullback in the tech sector, sliding about 15% on Thursday and more than 30% below its June 22 record high. Market participants pointed to profit-taking by retail investors after a strong run in technology shares. A trading resource reported retail turnover in single stocks rose to about $370 billion from $220 billion at the start of 2026, and identified recent roughly $200 million sales of Tesla and Apple over the past two weeks.

Cryptocurrency traders also booked gains after Bitcoin’s local highs. Some market commentators highlighted technical levels that may be capping the rebound. A trader posting as Exitpump on X wrote that a retest of the anchored volume-weighted average price measured from Bitcoin’s early-May run to about $82,000 could cap the upside: “Price is finally going to retest the AVWAP from 82K top that lead to strong local downtrend. To me such retest should cap the upside and give stronger rejection.” Analyst Rekt Capital flagged initial signs of rejection from the 50-month exponential moving average near $65,900 and compared current price action with the 2022 market pattern, repeating a view that a macro bottom may not arrive until later in the year.

Thursday’s action left Bitcoin below the short-term resistance identified by analysts, while volatility in tech stocks continued to influence risk appetite across markets. Investors and traders monitored whether Bitcoin would hold support around current levels or weaken further if selling in equities persists.