Cryptocurrency Market Overview - The cryptocurrency market experienced a decline on July 5, with Bitcoin dropping over 1%, Ethereum nearly 3%, Solana over 3%, and Dogecoin over 5% [1] - Key price changes for major cryptocurrencies include Bitcoin at $549.7 billion (-2.8%), Ethereum at $230.8 billion (-3.6%), and Dogecoin at $11.1 billion (-9.6%) [2] Liquidation and Market Activity - Approximately 90,000 liquidations occurred in the cryptocurrency market within the past 24 hours, amounting to $219 million, with the largest single liquidation on Binance-BTC valued at $2.72 million [3] - The total liquidation breakdown shows $22 million in the last 24 hours, with significant amounts in various time frames, including $14 million in 12 hours and $1.87 million in 4 hours [4] U.S. Economic Developments - The U.S. dollar index fell by 0.22% to 96.965, with fluctuations in exchange rates against major currencies [5] - The U.S. stock market indices closed lower, with the FTSE 100 down 0.29 points, CAC40 down 58.28 points (-0.75%), and DAX down 146.68 points (-0.61%) [5] Legislative Impact on U.S. Economy - President Trump's "Big and Beautiful" tax and spending bill was signed into law, projected to increase the U.S. deficit by approximately $3.3 trillion over the next decade [6][7] - Concerns arise regarding the potential for increased national debt and structural deficits, with current U.S. debt at $36.2 trillion [7] Trade Negotiations and Tariffs - Ongoing trade negotiations between the U.S. and the EU have not yielded breakthroughs, with potential tariffs on EU agricultural exports looming [7][8] - India plans to impose retaliatory tariffs on the U.S. due to the impact of U.S. tariffs on Indian exports, highlighting ongoing trade tensions [8]

Cryptocurrency Market Overview - The cryptocurrency market experienced a decline on July 5, with Bitcoin dropping over 1%, Ethereum nearly 3%, Solana over 3%, and Dogecoin over 5% [2][3]. - The total liquidation amount in the cryptocurrency market reached approximately $219 million, with nearly 90,000 individuals liquidated in the past 24 hours [5][6]. Price Changes and Market Data - Bitcoin (BTC) price decreased by 1.34% to $549.7 billion, Ethereum (ETH) fell by 2.98% to $230.8 billion, and Dogecoin (DOGE) saw a significant drop of 5.34% to $11.1 billion [3]. - The largest single liquidation occurred on Binance-BTC, valued at $272,000 [5]. U.S. Economic Developments - The U.S. dollar index fell by 0.22%, closing at 96.965, while major European stock indices also saw declines [7]. - President Trump signed the "Big and Beautiful" tax and spending bill, which is expected to increase the U.S. deficit by approximately $3.3 trillion over the next decade [8][9]. Trade Relations and Tariffs - The EU's second round of countermeasures against the U.S. has been reduced from €95 billion to €72 billion, amid ongoing trade negotiations [10]. - India announced plans to impose retaliatory tariffs on the U.S. due to the impact of U.S. tariffs on Indian exports [12].