Bitcoin rose above $63,000 in US morning hours on Saturday, up 1.4% over 24 hours and 3.6% on the week, according to data from CoinDesk, its highest level in two weeks and a complete reversal of the losses that closed June.
XRP led the day’s top stocks, up 5.3% to $1.18 and up nearly 10% for the week, a move that took it past the USDC stablecoin to fifth place by market value at approximately $73 billion.
The gain came alongside on-chain data showing XRP holders at their deepest average losses on record – the kind of faded positioning some traders buy against. Ether added 3.2% on the day to about $1,793, an 11.5% rise in seven days, while dogecoin rose 2.6% and solana held near $82.50 with a weekly gain of 13.2%.
The increase was extended for a week thanks to a more friendly macroeconomic turn. Fed Chairman Kevin Warsh’s comment that inflation risks have eased, a weak June jobs report and pressure on bearish traders pushed bitcoin from below $60,000 to above $63,000 in five sessions.
Trading was thin on Saturday with U.S. markets closed for the Independence Day holiday, the kind of liquidity that exaggerates moves in both directions.
Bitcoin entered the third quarter at 21-month lows and has now regained ground lost in the final drop in June. Whether the momentum holds depends on upcoming US inflation numbers and whether buying continues once US desks return from the holidays.
