The cryptocurrency reached its highest level in over a month during low trading volumes on July 4, with XRP leading major gains with a 5% increase in 24 hours.
By Shaurya Malwa Jul 4, 2026, 6:07 p.m. 1 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShow- Bitcoin surpassed $63,000 for the first time in two weeks, reversing losses from late June amid a slight recovery in the cryptocurrency market.
- XRP experienced a rise of over 5 percent in one day and nearly 10 percent over the week, surpassing USDC to rank as the fifth-largest cryptocurrency by market capitalization.
- The upward trend across major cryptocurrencies was supported by a more favorable macroeconomic environment, including softer U.S. economic indicators and statements indicating reduced inflation risks, although the low trading volume during the holiday may be exaggerating price fluctuations.
Bitcoin rose above $63,000 during U.S. morning hours on Saturday, showing a 1.4% increase over the last 24 hours and a 3.6% rise for the week, according to CoinDesk data, marking its highest point in two weeks and fully recovering the losses from the end of June.
XRP led the major cryptocurrencies for the day, climbing 5.3% to reach $1.18 and nearly 10% for the week, which allowed it to surpass the USDC stablecoin, placing it in fifth position by market capitalization at approximately $73 billion.
This increase coincided with on-chain analysis revealing that XRP holders are experiencing their highest average losses to date, a situation that often leads some traders to buy in anticipation of a rebound. Meanwhile, Ether rose 3.2% in a day to about $1,793, reflecting an 11.5% gain over the week, while Dogecoin increased by 2.6%, and Solana remained steady around $82.50 with a weekly gain of 13.2%.
This surge continued a week characterized by a more favorable macroeconomic shift. Fed Chair Kevin Warsh noted that inflation risks have diminished, coupled with a weak jobs report for June and a squeeze on bearish traders, which helped lift Bitcoin from below $60,000 to above $63,000 over five trading sessions.
Trading activity was limited on Saturday due to the U.S. markets being closed for the Independence Day holiday, a situation that can amplify price movements in both directions.
Bitcoin entered the third quarter at its lowest levels in 21 months and has now regained the ground lost during June's decline. Whether this upward momentum will persist depends on the upcoming U.S. inflation report and if buying activity continues once U.S. markets reopen after the holiday.
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Building the Zcash Machine: Tachyon and Quantum Readiness
Building the Zcash Machine: Tachyon and Quantum Readiness
The Tachyon upgrade for Zcash aims to enhance shielded payments, improve readiness for quantum threats, and evaluate its funding, security, and governance.
By CoinDesk ResearchJun 30, 2026Commissioned byGenZcashThe Tachyon upgrade for Zcash aims to enhance shielded payments, improve readiness for quantum threats, and evaluate its funding, security, and governance.
Why it matters:
The Tachyon upgrade for Zcash aims to enhance shielded payments, improve readiness for quantum threats, and evaluate its funding, security, and governance.
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