Bitcoin Falls to $58,000 on July 4, Crypto Market Cap Drops 3.6% to $2.28T

Bitcoin has experienced a significant decline, falling to $58,000 on July 4, marking its lowest point in two months. The total cryptocurrency market capitalization has also dropped by 3.6%, reaching $2.28 trillion. This downturn follows Bitcoin's peak in mid-March, after which its price has been trending downward and sideways. The recent selloff has raised questions about the underlying factors driving the decline.