Bitcoin climbed back above $63,000 on Saturday — up 1.4% in 24 hours and 3.6% on the week, per CoinDesk — fully erasing the slide that closed out June. Five sessions ago it was trading below $60,000 at 21-month lows.

The reason is refreshingly simple: the macro mood flipped. Fed Chair Kevin Warsh said inflation risks have come down, a soft June jobs report reinforced the easing case, and traders positioned for falling prices got squeezed — forced to buy back their bearish bets, which adds fuel to any rally. That carried BTC from under $60K to above $63K in a week.

The quieter headline: XRP flipped USDC

XRP jumped 5.3% to $1.18 — nearly 10% on the week — overtaking the USDC stablecoin to become the fifth-largest cryptocurrency at roughly $73 billion in market value, per CoinDesk. Onchain data showed XRP holders sitting at their deepest average losses on record — the kind of washed-out positioning contrarian traders like to buy against.

The ripple: the rebound was broad — ether added 3.2% to about $1,793 (up 11.5% on the week) and solana held near $82.50 with a 13.2% weekly gain. If risk appetite is returning to crypto after months of AI-stock dominance, exchanges and crypto-linked equities catch that bid when markets reopen Monday.

The one risk

This entire move happened on thin July 4 holiday volume — the kind of liquidity that exaggerates moves in both directions. The real test comes Monday when US desks return, and with the next US inflation print. Rallies built on quiet weekends sometimes hand it back fast when full-size order flow shows up.

As of 05 Jul 2026, ~19:30 IST / 10:00 ET. Sources: CoinDesk, The Currency Analytics. For discussion and education only — not investment advice. Verify before acting.