Bitcoin price dips as US stocks reverse on tech selling
Bitcoin price dips stocks traders watched on Thursday after Bitcoin fell 1.5% from local highs near three-week peaks, tracking a sharp reversal in US equities. Cooler US inflation had fueled gains, but tech selling and retail profit-taking flipped the mood, with Micron’s losses now past 30% from its June record high. The move mattered because BTC again traded as a risk asset tied to Wall Street’s tone, not only to crypto-native news.
Key Takeaways
- Bitcoin fell about 1.5% from local highs, with BTC/USD circling near $64,500 after three-week peaks.
- US stocks reversed after bullish inflation cues as tech selling and retail profit-taking took hold.
- Micron dropped 15% on the day and was down more than 30% from its June 22 record high.
- Some traders flagged rejection risks near overhead resistance and the 50-month EMA around $65,900.
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Why did Bitcoin fall alongside US stocks?
According to Cointelegraph, Bitcoin cooled with US stocks on Thursday as tech selling tempered gains sparked by low inflation.
BTC/USD had risen with two straight days of lower-than-expected US inflation data, as June Consumer Price Index and Producer Price Index readings both dropped. Crypto and equities initially gained on those cues, then momentum faded when tech shares came under pressure.
TradingView data cited in the report showed BTC/USD circling $64,500, down 1.5% from the three-week highs seen a day earlier. That pattern reinforced Bitcoin’s short-term sensitivity to US equity risk appetite.
How deep are Micron’s losses in the tech sell-off?
Micron Technologies, closely watched by traders, fell 15% on Thursday. The Kobeissi Letter said Micron was down over 30% since its June 22 record high.
Kobeissi also pointed to retail profit-taking in tech, noting Tesla and Apple sales hit $200 million over the past two weeks. Total retail turnover in single stocks rose to a record $370 billion, up from $220 billion at the start of 2026, as investors locked in gains after a historic tech rally.
That equity backdrop helped explain why bitcoin price dips stocks correlations stayed in focus even after bullish inflation headlines.
Are traders warning of a Bitcoin rejection?
Market commentary stayed cautious. Exitpump flagged the anchored volume-weighted average price measured from Bitcoin’s run to $82,000 in early May as a level that could cap the rebound and deliver a stronger rejection.
Trader and analyst Rekt Capital said BTC/USD was showing initial signs of rejection from its 50-month exponential moving average at $65,900. Rekt Capital has argued current behavior echoes the 2022 bear market and previously warned that the next macro bottom may not arrive until later in 2026.
Separately, eligible E*TRADE retail clients can buy, sell and hold Bitcoin, Ether and Solana through Morgan Stanley’s partnership with Zero Hash, underscoring that spot crypto access keeps expanding even as near-term price action turns choppy.