Bitcoin trades through Independence Day as Wall Street closes

Bitcoin continued trading over the July 4 holiday while major U.S. equity markets remained shut. The contrast highlighted the cryptocurrency's 24/7 availability compared with traditional finance channels.

Official calendars showed NYSE and Nasdaq markets closed on Friday, July 3, for the Independence Day observance. Bitcoin remained accessible on exchanges and apps throughout the period.

U.S. spot Bitcoin ETFs recorded net outflows of $222 million on June 30 and $296 million on July 1, followed by inflows of $223.5 million on July 2. The holiday then paused ETF trading windows while Bitcoin prices continued to move.

Federal Reserve processing followed a scheduled pause late on July 3 and was set to resume July 5. Banking services aligned with the holiday schedule, leaving Bitcoin's settlement process uninterrupted.

Makala yanayohusiana

Bitcoin price chart with ETF outflows illustration for news article
Picha iliyoundwa na AI

Bitcoin enters July near $58,600 amid ETF outflows

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Bitcoin opened the second half of 2026 trading near $58,600 following a 33 percent decline this year. Spot Bitcoin ETFs recorded $4.5 billion in net outflows during June. Analysts now weigh whether the cryptocurrency will rebound toward $100,000 or retest the $50,000 to $55,000 range.

Bitcoin continued trading through the weekend while other major markets remained closed, as tensions in the Strait of Hormuz disrupted oil flows. The digital asset absorbed the initial market reaction to the geopolitical developments.

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Bitcoin rose above $63,000 on Saturday for the first time in two weeks, reversing losses from late June. The move came during thin trading on the July 4 holiday.

Bitcoin climbed above $82,000 on May 6, driven by reports of easing tensions between the United States and Iran. Oil prices fell sharply as President Donald Trump paused a military operation in the Strait of Hormuz. The move triggered more than $200 million in short liquidations.

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Bitcoin climbed back above $65,000 on June 22 after touching lows near $63,000, supported by a sharp drop in crude oil prices.

US spot Bitcoin ETFs recorded net inflows for a second straight week, reversing an eight-week outflow streak. The funds drew $273 million over the two-week period ending July 17. Bitcoin's price has stabilized near $64,000 to $65,000.

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CME Group began 24/7 trading of its Bitcoin futures and options on May 29. The move came as Bitcoin dropped below $70,000 and liquidations accelerated. Early volume reached 7,200 contracts worth about $50 million over the first weekend.

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