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Edition 2026-07-05

CRYPTO

Bitcoin Climbs Above $63,000, Reversing June Losses

Bitcoin rose above $63,000 on July 4, the first time in two weeks, after a 1.4% gain in the 24‑hour period, according to CoinDesk data, reversing losses that ended June.

By coindesk · 110d ago · Source: coindesk

Full article

Bitcoin rose above $63,000 on July 4, the first time in two weeks, after a 1.4% gain in the 24‑hour period, according to CoinDesk data, reversing losses that ended June.

XRP jumped 5.3% to $1.18, a nearly 10% weekly increase, and moved past USDC to become the fifth‑largest cryptocurrency by market value, which stood at about $73 billion.

The price movement followed softer U.S. economic data and comments from Federal Reserve officials indicating lower inflation risks, while reduced trading volume due to the Independence Day holiday limited market liquidity.

Ether rose 3.2% to roughly $1,793, a 11.5% gain over seven days, and Dogecoin added 2.6% while Solana remained near $82.50 with a 13.2% weekly increase. Bitcoin had entered the third quarter at a 21‑month low before the rebound, and its trajectory will depend on the upcoming U.S. inflation report and the return of trading activity after the holiday.

The Tachyon upgrade for Zcash, announced on June 30, 2026, aims to scale shielded payments, improve quantum‑readiness, and test the network’s funding, security, and governance.

Whether the recent momentum will continue remains uncertain as market participants monitor the next inflation data release and the resumption of trading volume on U.S. desks.

Source transparency

Publisher
coindesk
Reliability
high
Published
7/5/2026, 10:00:37 AM
Retrieved
7/5/2026, 10:00:37 AM
Relevance
80%
Confidence
85%
Read original at coindesk

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