Bitcoin price hits $65K wall as stocks battle ‘record’ institutional tech sell-off
Summary
Bitcoin struggled to break above $65,000 as crypto and broader risk assets stayed under pressure. Volatility picked up around the U.S. market open, but BTC repeatedly failed at the $65K level, which has capped price action through July. Meanwhile, U.S. equities were hit by geopolitical tensions tied to the US-Iran conflict and a strong tech-stock sell-off, with hedge funds reportedly dumping information technology stocks at the fastest pace in at least a decade. Oil stayed above $80 per barrel amid fears over the Strait of Hormuz. Traders saw BTC’s next key upside area near $67,000 to $67,500, with some expecting a possible move toward $69,000 or even higher in August if current higher lows continue.
