Bitcoin Cracks $63K While XRP Swaps USDC for the Fifth-Place Throne 👑

Bitcoin climbed above $63,000 on Saturday, up 1.4% over 24 hours and 3.6% on the week, according to CoinDesk data, marking its highest level in two weeks and erasing the losses that closed out June. The move pushed the token into the third quarter past $63,000 in U.S. morning hours, a recovery of roughly $4,000 in five sessions from sub-$60,000 levels.

XRP led major tokens on the day, gaining 5.3% to $1.18 and nearly 10% on the week. The advance carried XRP past the USDC stablecoin to become the fifth-largest cryptocurrency by market capitalization at approximately $73 billion, according to the source. Onchain data showed XRP holders sitting at their deepest average losses on record, a setup that coincided with the price rebound.

Ether added 3.2% to trade near $1,793, up 11.5% over seven days. Dogecoin rose 2.6%, and solana held around $82.50 with a 13.2% weekly gain. Bitcoin entered the quarter at 21-month lows before the week's turnaround.

The rebound was built on a friendlier macro backdrop, including a soft June U.S. jobs report and comments from Federal Reserve Chair Kevin Warsh that inflation risks have come down, alongside a squeeze on bearish positioning. Saturday's U.S. holiday trading left markets thin, conditions that tend to amplify price moves in either direction. Bitcoin last traded at $63,208.69, up 0.77% on the session.