Daily Market Report — July 4, 2025
Bitcoin (BTC) edged up 0.53% in the past 24 hours to $109,422.04, fluctuating between $108,522.71 and $110,515.81. Ethereum (ETH) posted a modest gain of 0.56%, closing at $2,589.25. The Fear & Greed Index ticked up to 55, showing rising investor confidence. Futures liquidation reached $116.5 billion, with longs slightly outweighing shorts on both BTC and ETH pairs.
Top gainers of the day were GUN (+17.97%), FPX (+17.25%), and FHB (+9.41%), reflecting continued interest in small- and mid-cap altcoins during sideways price action.
In regulatory news, the SEC unexpectedly suspended the Grayscale Digital Large Cap ETF (GDLC) listing application, though Grayscale confirmed it would continue pushing for ETF conversion through other channels. Meanwhile, the U.S. House of Representatives announced it would host a “Crypto Week” in mid-July, aiming to promote three pieces of pro-crypto legislation, including the GENIUS Stablecoin Act.
Separately, a bipartisan group of U.S. Senators introduced an independent crypto tax bill designed to eliminate double taxation and bring clarity to crypto pledge mining rules—a key issue for both retail and institutional participants.
From a funding perspective, Ondo Finance and Pantera Capital jointly launched a $250 million crypto investment fund, further validating institutional interest in the space.
On the macroeconomic front, U.S. Treasury Secretary stated that the process for selecting a new Federal Reserve Chair would begin this fall. The U.S. job market appears stable, with June non-farm payrolls coming in at 147,000, and analysts now expect that any potential rate hikes may be delayed until September.
Owen
