Bitcoin jumps above $63,000, reversing end-June losses
The token hit its highest in over a month during thin July 4 trading, with XRP up 5% in 24 hours to lead gains among majors.
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Summary
- Bitcoin climbed above $63,000 for the first time in two weeks, reversing late-June losses amid a modest rebound in crypto markets.
- XRP jumped more than 5 percent on the day and nearly 10 percent on the week, overtaking USDC to become the fifth-largest cryptocurrency by market value.
- The rally across major tokens followed a friendlier macro backdrop, including softer U.S. economic data and comments suggesting easing inflation risks, though thin holiday trading may be amplifying price moves.
