Here's a quick rundown of the major events shaping the cryptocurrency landscape today, July 4, 2025:

Market Movements and Analysis

Bitcoin (BTC) experienced a dip, falling below $108,000 USDT with a 2.09% decrease in a 24-hour period. Ethereum (ETH) also saw a decrease, dropping below $2,500 USDT with a 3.05% decrease in the same timeframe. Despite these dips, Bitcoin reached a record high for U.S. Independence Day, hitting $108,100. This is a significant increase from its early days when it was valued at just $0.01 in 2010.

Recent market analysis suggests Bitcoin faced resistance around $110,000, but this reset could allow other cryptocurrencies like BNB, SOL, LINK, and AAVE to rally. Options expiry data for July 4 revealed 28,000 BTC options expired with a Put Call Ratio of 1.07 and a nominal value of $3 billion. Additionally, 237,000 ETH options expired with a Put Call Ratio of 1.25 and a nominal value of $600 million.

Institutional and Regulatory Developments

The U.S. M2 money supply has reached a record $22 trillion, potentially acting as a catalyst for a Bitcoin price breakout. A new U.S. housing rule now allows Bitcoin and other cryptocurrencies to be counted towards mortgage reserves, which could help some buyers qualify for mortgages without selling their crypto assets.

Brazil continues to lead in the crypto ETF race, with Hashdex and Buena Vista Capital partnering to launch a hybrid Bitcoin and gold ETF. This move reinforces Brazil's position as a global leader in crypto capital markets. Conversely, the SEC has frozen Grayscale Digital Fund ETF conversion just a day after approval.

Increasing regulatory clarity in the U.S. is enabling more traditional finance participants to explore decentralized financial solutions. Senator Lummis is pushing a tax-free BTC spending bill, potentially marking a step towards mass adoption.

Security and Exploits

The crypto market experienced $35.47 million in liquidations in a four-hour period, with long positions accounting for $28.82 million of that amount. Crypto wealth paints a target, and as physical attacks on crypto holders surge, investors are rethinking self-custody, and modern crypto security tools, threats and trade-offs are being re-evaluated. In the first half of 2025, crypto losses outpaced those of 2024, with CertiK counting 344 on-chain heists and $187 million recovered. Approximately $2.4 billion was lost in crypto hacks during the first half of 2025, with exchanges and DeFi platforms being the hardest hit.

Adoption and Innovation

Japanese digital bank Minna is reportedly exploring the use of stablecoins and Web3 wallets for real-world payments. Binance Pay is expanding its reach, now with over 80 merchants on the French Riviera accepting stablecoins instantly. Circle is planning to launch a national trust bank after its Wall Street debut.

Global Perspectives

Sweden is implementing a crypto crackdown, with police authorized to seize digital assets "without proof of crime". In Turkey, PancakeSwap has been banned as part of a broader crackdown on decentralized exchanges. However, Türkiye is also embracing transparency, decentralization, and global participation, signaling a new economic paradigm.