The cryptocurrency market experienced a downturn on Friday, July 4, 2025, with Bitcoin price dropping from highs of $110,000 as the total market capitalization slipped to $3.3 trillion amid a 2.5% decline over the past 24 hours. Global crypto liquidations stood at $209 million, but were down 28% in the past 24 hours. As several coins dipped, the global trading volume decreased 32% to $95 billion, indicating a dip in interest. Losses came as Bitcoin holders beheld a staggering transfer of coins that had been dormant for over 14 years. Bitcoin price drops as 14-year dormant wallets move 80,000 BTC As noted above, Bitcoin dropped from highs of $110k to trade around $107,600 at the time of writing. This decline, while catalyzed by the broader market outlook that saw stock futures fall on Friday, also came amid a notable Bitcoin ecosystem development. Notably, eight dormant wallets, which have been dormant since 2011, collectively transferred 80,000 BTC valued at over $8.6 billion. “Among these wallets, two received their $BTC in early April-2011 when the price was $0.78, while the other six received in May-2011 at $3.37 per BTC. The total value then was just $217.8K,” Spot On Chain wrote on X. The coins moved to other wallets and not exchanges, suggesting the whale behind the Satoshi-era coins might be reallocating. Julio Moreno @jjcmoreno · Follow I think this is an early miner as transactions go back to old block rewards and the patterns suggest consolidation of different block rewards.These recent transactions seem to have been done to consolidate small UTXOs with one larger UTXO (10K Bitcoin). No evidence of selling 6:19 pm · 4 Jul 2025 51 Reply Copy link Read 5 replies Despite this, the movement saw the BTC price fall to support above $107k and threaten bulls’ plans for a retest of the all-time highs near $112k. Top altcoins pare gains – ETH, XRP, and SOL fall to support levels As BTC pared gains, major altcoins also faced pressure. Ethereum (ETH) dropped 3.6% to $2,484, testing, and XRP retreated 1.7% to $2.21. Both ETH and XRP were holding above critical support levels, as Solana (SOL) declined 3.4% to $145. This broad-based top altcoins correction reflects profit-taking, but analysts remain bullish amid a market sentiment that is buoyed by anticipation around spot exchange-traded funds. ETH could yet spike above $2,500 and target highs above $3,000. SOL recently rallied as the first Solana spot ETF with staking went live. Ripple’s network growth, with significant partnerships in place, also means buyers are optimistic about XRP. Ondo Finance agrees to buy Oasis Pro In a significant development for tokenized securities, Ondo Finance announced its acquisition of Oasis Pro, an SEC-registered broker-dealer, Alternative Trading System, and Transfer Agent, on July 4, 2025. This move equips Ondo with the necessary licenses and infrastructure to expand its tokenized financial ecosystem in the U.S. Nathan Allman, CEO of Ondo Finance, highlighted the acquisition as a step toward a regulated tokenized securities market, with Pat LaVecchia of Oasis Pro joining the team to lead the integration. The deal, backed by investors like Mirae Asset Ventures, underscores growing institutional adoption of blockchain technology. Top crypto performers and losers today Among the top performers, Pudgy Penguins’ native token was up 4% to $0.016, while Maple Finance traded 2% up around $0.54. In the top 100 coins by market cap, memecoin Bonk led with just a 1.5% uptick in 24 hours. On the losing side, Uniswap had dropped 9% to $6.90, and SPX6900 was down 7% to $1.17. Aptos and Ethena tokens were also down 7%, with the altcoins trading at $4.35 and $0.2,5, respectively. The post Crypto wrap: Bitcoin drops to $107k as ETH, XRP and SOL give up gains appeared first on Invezz
