Bitcoin's price took a tumble on July 4, dipping below $58,000 for the first time in two months. Currently trading at $58,964, it's down 3.4% on the week. This dip has seen over $64.2 million in Bitcoin long positions liquidated in the last 24 hours. It's not just Bitcoin feeling the heat; other major cryptocurrencies are also seeing significant price drops. Ether is down 4.5% on the day, Binance Coin is down 6%, and Solana has dropped 10.3% in the last 24 hours. Stay tuned for further updates as this story develops.