Bitcoin falls below $65,000: institutional adoption tested by a technical pullback
## Context\nBitcoin (BTC) has experienced a marked pullback over the past 48 hours, testing a key support around **$65,000**, a psychological and technical level that had so far served as the floor for the recent consolidation. According to Anthony Pompliano, co-founder of Morgan Creek Digital, this decline reflects a natural rotation of capital toward other assets such as artificial intelligence (AI), rather than a rejection of Bitcoin's institutional adoption narrative. The market remains under pressure following the announcement of SpaceX's initial public offering (IPO), whose record…
Bitcoin (BTC) has recorded a significant technical pullback over the past 48 hours, breaking below the symbolic and technical threshold of 65,000 USD . This level, which had until now served as support during previous consolidations in March and April 2026, was tested on June 4, 2026, raising questions about the strength of the institutional adoption narrative for Bitcoin. According to Anthony Pompliano, co-founder of Morgan Creek Digital, this decline reflects a natural rotation of capital toward other assets, particularly those linked to artificial intelligence (AI), rather than a rejection of Bitcoin's fundamentals. The facts The cryptocurrency market was marked by several major events. The initial public offering (IPO) of SpaceX, officialized on June 4, 2026, captured investors' attention with a record valuation of 1,750 billion USD and a share price set at 135 USD . This transaction also boosted Elon Musk's fortune beyond 750 billion USD , temporarily redirecting capital flows toward technology stocks. At the same time, Bitcoin lost about 3% in 24 hours, while other assets such as XRP faced increased pressure, falling below 1.16 USD after losing its technical support. The Bitcoin Fear & Greed Index fell to 11/100 , a level described as "