TLDR BTC surged past $63,000 for the first time in a fortnight, posting a 1.4% gain over 24 hours XRP emerged as the top performer, jumping 5.3% to reach $1.18 and surpassing USDC by market c
Bitcoin breached the $63,000 threshold on Saturday, July 4th, erasing the declines witnessed during the final days of June. This advance marks the cryptocurrency’s strongest price point in fourteen days.
Bitcoin (BTC) PriceThroughout a 24-hour period, Bitcoin appreciated by 1.4%, while notching a 3.6% increase across the week, per CoinDesk market data. The upward movement occurred amid reduced trading volumes due to the Independence Day holiday closure of U.S. financial markets.
XRP distinguished itself as the leading gainer among major digital assets. The token surged 5.3% to $1.18 and registered nearly 10% growth over the seven-day timeframe. This performance elevated XRP beyond USDC stablecoin to claim the fifth position in overall market capitalization, reaching approximately $73 billion.
Ethereum advanced 3.2% during the day to approximately $1,793, accumulating an 11.5% gain over the week. Solana maintained levels near $82.50 with a 13.2% weekly increase, while Dogecoin appreciated 2.6%.
The week’s positive trajectory was underpinned by improving macroeconomic conditions. Federal Reserve Chair Kevin Warsh indicated that inflationary pressures have moderated. A disappointing June employment report reinforced this narrative, and bearish traders were forced to cover positions as values climbed.
This convergence of factors propelled Bitcoin from beneath $60,000 to above $63,000 within five consecutive trading days.
Market analyst Ted Pillows highlighted on X that Bitcoin had approached a critical resistance threshold. He observed that a sustained move above $62,800 could propel pricing toward $65,000.
$BTC has reached a key resistance level.
A breakout above the $62,800 level could soon push Bitcoin to $65,000. pic.twitter.com/3VOQ8GKaTo
— Ted (@TedPillows) July 4, 2026
Santiment Intelligence also provided commentary, observing that Bitcoin has advanced 6.1% since June 30, while gold appreciated 4.8% and the S&P 500 remained unchanged. Santiment noted that purchasers re-entered the market near crucial support zones following prolonged periods of market anxiety, exchange-traded fund redemptions, and pessimistic investor sentiment.
TL;DR: Bitcoin & crypto markets have spent the week slowly catching up to flat stocks
Metrics Used: Price Comparison
Link to chart: https://t.co/zYCktJUqT7
Crypto is finally showing some real catch-up energy heading into the July 4th weekend. Since June 30th, Bitcoin… pic.twitter.com/nXLT1HDARz
— Santiment Intelligence (@SantimentData) July 3, 2026
Blockchain data provider CryptoQuant documented that Bitcoin’s realized profit and loss ratio descended to -0.35, representing a 43-month nadir. This measurement hasn’t registered at such depths since December 2022, immediately following the FTX exchange implosion that drove Bitcoin beneath $16,000.
Source: CryptoQuant CryptoQuant emphasized that this metric has traditionally identified BTC pricing floors. Comparable measurements materialized in 2015 and 2019, both preceding significant upward movements.
Bitwise Chief Investment Officer Matt Hougan stated that the recent STRC preferred share liquidation from Strategy eliminated excessive leverage and probably positioned the market nearer to a foundational bottom.
Swan Bitcoin analyst Adam Livingston highlighted that Bitcoin is presently trading merely 16% above its realized price. Historical patterns suggest this level has consistently preceded forward performance of 41% over six-month periods and 81% across twelve-month horizons.
Bitcoin commenced the third quarter at 21-month lows following a 50% retreat from its October peak of $126,080. The cryptocurrency touched a nearly two-year low of $58,190 on June 25 before initiating the current rebound phase.
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