Bitcoin Slips as US Tech Stock Sell-Off Deepens, Micron Down Over 30%

Bitcoin pulled back alongside US equities on Thursday as tech stock selling weighed on broader market momentum, even after encouraging inflation data had briefly lifted risk assets earlier in the week.

Bitcoin Tracks the Broader Market Pullback

According to Blockto data, $BTC traded around $63,900, down 1.8% from three week highs reached just a day earlier. That earlier rally had followed two consecutive days of softer than expected US inflation readings, with both the Consumer Price Index and Producer Price Index coming in below forecasts for June.

While crypto and stocks initially benefited from the inflation news, tech shares reversed course on Thursday. Micron Technologies fell 15% on the day alone, extending a decline that trading resource Analysts noted has now surpassed 30% since the stock’s record high on June 22.

Increased profit taking among retail investors in tech names, citing roughly $200 million in combined Tesla and Apple share sales over the past two weeks.Total retail trading turnover in individual stocks has climbed to a record $370 billion, up sharply from $220 billion at the start of 2026, suggesting investors are cashing in gains following a strong tech rally.

Bitcoin Faces Resistance on the Charts

Turning to bitcoin’s own price action, sentiment among traders remained cautious. Btc recent bounce has repeatedly struggled to clear overhead resistance levels, with rejection becoming a recurring pattern in short term price behavior. This follows earlier reporting on bitcoin speculators taking profits near recent local highs, adding to signs that upward momentum is losing steam for now.