Bitcoin Surpasses $63,000 as Crypto Market Rebounds
Bitcoin reaches above $63,000 for the first time in two weeks, marking a reversal of losses from late June, according to CoinDesk. XRP also rises significantly, indicating a broader recovery in the cryptocurrency market amid a supportive economic backdrop.
On July 4, 2026, Bitcoin climbed above $63,000, achieving its highest price in over a month. This rise represents a reversal of the losses experienced in late June as trading resumed after the Independence Day holiday. Within the same 24-hour period, Bitcoin recorded a 1.4% increase, up 3.6% for the week, according to CoinDesk data.
XRP notably outperformed other major cryptocurrencies, rising over 5% on the day and nearly 10% for the week, which propelled it past the USDC stablecoin, making it the fifth-largest cryptocurrency by market capitalization at about $73 billion. The surge in prices for top cryptocurrencies follows a favorable macroeconomic climate, influenced by softer U.S. economic indicators and comments suggesting a decrease in inflation risks. However, the thinner trading volumes during the holiday may have exaggerated these price movements.
Notably, Bitcoin's recovery comes as it recently hit 21-month lows, managing to regain the ground lost during the final decline of June. Analysts suggest that future price momentum may depend on upcoming U.S. inflation reports and whether buying interest persists after the holiday season.
Summary based on original reporting by Shaurya Malwa at CoinDesk, originally published Jul 4, 2026. SolanaWire does not republish source content.
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