Why was Bitcoin down on Jul 31, 2026, 6:04 PM UTC?

Bitcoin's modest intraday gains (0.31-0.6% over 15min-1h) contrast with a 2.48% 24h decline, suggesting stabilization after earlier selling rather than new bullish momentum. The recent news is mixed—positive regulatory developments (Circle's NY charter) are offset by security concerns (Coldcard exploit) and geopolitical risks (Iran sanctions evasion)—but none appears directly tied to today's price action; the movement is likely driven by technical levels and broader macro factors like rising US Treasury yields mentioned in the news.