Crypto
Bitcoin Slides 1.5% Amid Micron Collapse and Market Turbulence
724FinanceEmre Can

Bitcoin slipped 1.5% as U.S. equity sell‑offs and Micron Technologies's over 30% decline cast a shadow over the crypto market.
Bitcoin's 1.5% Slide and Market Mechanics
According to TradingView data, BTC/USD is circling $64,500, down from its three‑week high the day before. The move follows two consecutive weeks of softer U.S. inflation prints, signaling a corrective pullback.
Micron's Downturn and the Tech‑Equity Ripple
Micron Technologies shares fell 15%, extending the decline to over 30% from their June 22 record high. The slide reflects a broader profit‑taking wave among tech investors.
Retail Investor Profit‑Taking Surge
Technical Outlook: AVWAP and EMA Signals
Markets have settled into a volatile equilibrium driven by tech profit‑taking and muted inflation data. Bitcoin’s price is flirting with both AVWAP and the long‑term EMA, suggesting a short‑term downside risk while still laying the groundwork for a larger bullish move. DeFi liquidity pools and layer‑2 scaling solutions may be less exposed to this volatility, though heightened risk premiums could affect overall crypto capital flows.