On July 4 bitcoin experienced a dip of over 2%, testing a key support line for the first time since October 2023. Data from Cointelegraph Markets Pro and TradingView revealed new local lows of $57,885 on Bitstamp following the latest daily close. This decline was driven by a lack of positive sentiment and consistent selling pressure from spot markets, creating a challenging environment for Bitcoin bulls. CoinGlass reported that 24-hour Bitcoin long liquidations approached $60 million at the time of writing. Popular trader Skew noted that BTC/USD had crossed its 200-day moving average (MA) for the first time in ten
![Solana [SOL] Outpaces Ethereum with Record-Breaking Network Speed and 3% Price Surge](https://resources.cryptocompare.com/news/77/30938244.jpeg "Solana [SOL] Outpaces Ethereum with Record-Breaking Network Speed and 3% Price Surge")
![Bitcoin [BTC] Signals Potential Rebound Amid Market Fear and Accumulation Trends](https://resources.cryptocompare.com/news/77/30940887.jpeg "Bitcoin [BTC] Signals Potential Rebound Amid Market Fear and Accumulation Trends")
