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Bitcoin struggles despite softer dollar as record ETF outflows weigh on price

Market News
04 Jul 2026
Crypto Daily
View Source
Neutral
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Bitcoin faces pressure even as the U.S. Dollar Index weakens and rate hike bets fade, due to record outflows from spot Bitcoin ETFs totaling $4.0 to $4.5 billion in June. A softer dollar typically supports Bitcoin by improving global purchasing power and reducing Fed rate hike expectations, but heavy ETF redemptions have offset this benefit. Exchange balances near multi-month lows suggest tight supply, which could help absorb selling pressure if outflows ease. Key indicators to watch include the Dollar Index trend, ETF flow stabilization, exchange balances, and derivatives funding to assess if Bitcoin can hold a price floor amid macro and crypto-specific dynamics.

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Imugene reports second complete response in Phase 1b trial for aggressive lymphoma treatment

Imugene reports second complete response in Phase 1b trial for aggressive lymphoma treatment

Imugene Ltd announced a second complete response in its Phase 1b azer-cel trial targeting patients with mantle cell lymphoma (MCL) who had failed prior BTKi therapy. The patient showed complete tumor shrinkage by Day 28, earlier than expected, highli...

Market News
Bullish
4 hours ago
Revolut to delist Tether's USDT by August 31 amid new EU stablecoin rules

Revolut to delist Tether's USDT by August 31 amid new EU stablecoin rules

Revolut will remove Tether's USDT stablecoin from its platform by August 31, 2026, disabling purchases from July 6. This move aligns with regulatory and risk considerations under the EU's new Markets in Crypto-Assets (MiCA) rules, which have led othe...

Market News
Bearish
4 hours ago
XRP price eyes $1.29 breakout to confirm bullish reversal after double bottom formation.

XRP price eyes $1.29 breakout to confirm bullish reversal after double bottom formation.

XRP price has rebounded to around $1.145, showing a 4% gain in 24 hours, after forming a double bottom near $1.05 and $1.0092, which suggests sellers may be losing control. The key level to watch is the $1.28 to $1.29 neckline; a daily close above th...

Market News
Bullish
4 hours ago
European fintech Revolut to delist Tether (USDT) by August 31 amid new EU crypto rules

European fintech Revolut to delist Tether (USDT) by August 31 amid new EU crypto rules

Revolut, a major European fintech platform, will stop supporting Tether (USDT) stablecoin by August 31, 2026. Users can buy USDT until July 6 and deposit until July 30, but after August 31, remaining USDT balances will convert to fiat currency. This ...

Market News
Bearish
4 hours ago
XRPL develops quantum-resistant security to protect blockchain from future quantum threats.

XRPL develops quantum-resistant security to protect blockchain from future quantum threats.

Ripple's XRP Ledger (XRPL) has been working on quantum-resistant security solutions since 2024 to safeguard against future quantum computing risks. This proactive approach uses a hybrid signature framework combining current cryptography with quantum-...

Protocol Fundamentals
Bullish
4 hours ago
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