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Why are Bitcoin and altcoins going down today?

Bitcoin and altcoins declined on July 4 due to profit-taking, lessened expectations for interest rate cuts, and trade tensions. Positive U.S. jobs data impacted market sentiments, but Bitcoin's fundamentals suggest a potential rebound.
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Hyperliquid price outlook: Bulls need volume to break $40 ceiling

Hyperliquid faces resistance at $40 despite bullish momentum, indicating a need for strong volume to confirm a breakout. The token may remain range-bound between $26 and $40 until a decisive move occurs.
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Bitcoin could reach $120K in July amid BTC market maturity

Bitcoin is showing signs of strength heading into July, with low volatility, steady demand, and historical trends suggesting the price could soon make a sharp move higher.
A July 4 report from Matrixport suggests that if seasonal trends continue and capital flows stay consistent, Bitcoin (BTC) coul
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SOL gets fresh institutional push as Nasdaq-listed firm expands treasury with $2.7m

DeFi Development Corp. has expanded its Solana holdings by acquiring 17,760 SOL tokens for $2.72 million, bringing its total to 640,585 SOL, valued at approximately $98.1 million. This move reflects growing institutional interest in Solana, as other firms also increase their holdings.
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Japan’s Minna Bank teams up with Fireblocks and Solana Japan to explore stablecoins

Japanese digital bank Minna is exploring stablecoins and Web3 wallets for real-world payments, collaborating with Fireblocks and Solana Japan. The goal is to assess the feasibility of stablecoins in everyday finance, reflecting a growing trend in Japan's banking sector toward innovative financial solutions.
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Bo Hines predicts U.S crypto industry will skyrocket to $20t in value after stablecoin bill passes

Executive Director of the President’s Council of Advisers on Digital Assets, Bo Hines, predicts the digital asset industry will see a $15 to $20t surge in value following the GENIUS Act’s legalization.
In a recent interview, the Executive Director of President Trump’s Advisor Council on Digital Ass
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Dow Jones eyes 45,000 level after strong jobs report

U.S. stocks rallied on July 3, with the S&P 500 and Nasdaq reaching new highs following a strong jobs report showing 147,000 new jobs added in June. The unemployment rate improved to 4.1%, while market expectations for a Federal Reserve rate cut decreased.
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Michael Saylor's Strategy hit with class-action lawsuit over $5.9 billion BTC loss

Strategy’s high-stakes bet on Bitcoin has earned praise across the industry, but that same bold mission may now be brewing legal troubles for the firm.
A class-action lawsuit filed in the U.S. District Court for the Eastern District of Virginia is targeting the company and some of its top
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Dogecoin price rebounds, eyes $0.26 if momentum builds

DOGE price has bounced strongly from its recent low at $0.143, reclaiming key support and setting up for a potential move towards $0.26.
Dogecoin (DOGE) has recently broke down from a descending triangle pattern, falling below the key horizontal support zone between $0.165 and $0.17, touching a lo
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OpenAI rejects Robinhood's stock tokens, warns of unauthorized equity claims

OpenAI has denied any connection to Robinhood's tokenized equity campaign, stating that the "OpenAI tokens" promoted by the trading platform are not legitimate. Robinhood CEO Vlad Tenev clarified that these tokens provide exposure to assets, not actual equity.
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IMF pushes back on Pakistan’s subsidized electricity proposal for crypto mining

The IMF has rejected Pakistan's proposal for subsidized electricity for crypto mining, despite previous plans for 2,000 megawatts of surplus power. The IMF argues that such subsidies could disrupt the energy market and affect the power sector's finances.
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Stablecoins power 75% of crypto payments across Europe, report shows

A report by Oobit shows a significant rise in crypto payments in Europe, predominantly using stablecoins for everyday purchases, particularly in retail and travel. Poland leads in stablecoin adoption, reflecting favorable regulations.
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EthCC: Vitalik Buterin lays out ways to test if a crypto firm is hack-proof and decentralized

At the EthCC, Vitalik Buterin mentions a number of tests that can be used to prove whether a company in the crypto space is truly secure and durable enough to withstand various attacks.
During his speech at the Ethereum Community Conference or EthCC, Ethereum (ETH) co-founder Vitalik Buterin
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Martin Bruncko: Why euro stablecoins will surpass €100B in market cap

Schuman Financial founder Martin Bruncko says that the rise of euro stablecoins is “inevitable”, as Europe pushes to digitize its financial systems while strongly resisting dollarization.
Speaking at EthCC in Cannes on July 1, Schuman Financial founder Martin Bruncko projected that euro stablecoins
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Bitcoin breaks through $107,000, is the stagnant period over?

Bitcoin recently broke through the $107,000 mark, surging for the first time after days of mostly stagnant price movements. The surge can be attributed to the aggressive institutional accumulation of BTC or to the victory lap often associated with July.
According to data from crypto.news, BTC (BTC)
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