Bitcoin rises back above $63,000: Crypto market recovers June losses

The upward movement was reinforced by a short squeeze, according to its own data: "Bearish positionierte Trader mussten ihre Wetten auf fallende Kurse eindecken." The $63,000 level represented the highest level in roughly two weeks, according to finanzen.net, and marked "eine vollständige Aufholung der Verluste, mit denen der Juni zu Ende gegangen war."

Short Squeeze fuels the recovery

The other major cryptocurrencies also performed well. Ethereum rose to $1,772.55, a gain of 0.63 percent within 24 hours and roughly twelve percent on a weekly basis: "Ethereum gewann auf Wochensicht rund 12 Prozent und notiert wieder über 1.770 Dollar". Solana rose by more than eleven percent within seven days to $80.37, according to the data, while XRP gained 8.77 percent to $1.13 and overtook the stablecoin USDC with a market capitalization of around $73 billion.

Among the weekly winners was also the newcomer Hyperliquid (HYPE), which, according to its own data, "mit über 12 Prozent kräftig zulegte" and stood at $70.70. BNB traded at $582.53 with a weekly gain of 5.42 percent, Dogecoin at $0.07656 after a markup of 4.96 percent. TRON gained 2.14 percent on a weekly basis, reaching $0.3290. UNUS SED LEO stood at $9.36 with a daily gain of 2.18 percent, but slipped slightly by 0.58 percent on a weekly basis.

Altcoins also post significant gains

The finanzen.net Top 10 Crypto ETP showed a daily change of 0.3 percent on Monday and was trading at 8.27 euros. The prices were published by the finanzen.net editorial team.

Despite the recovery, the overall market remains in a bear market, according to the portal's assessment: "Klar ist weiterhin, dass Krypto-Assets im Bärenmarkt sind". Bitcoin remains roughly 50 percent below its all-time high from October 2025; at the start of the quarter, it had, according to its own data, "auf ein 21-Monats-Tief gefallen, bevor die Gegenbewegung einsetzte". The total market capitalization of the crypto market shrank from roughly $4.4 trillion to about $2.2 trillion.

Market remains structurally in a bear market

U.S. monetary policy was cited as a supporting factor. "Fed-Chef Kevin Warsh signalisierte, dass die Inflationsrisiken zurückgegangen seien". At the same time, the U.S. jobs report for June came in weak, reinforcing expectations of monetary policy easing.

In the morning itself, however, there were also smaller setbacks: Bitcoin Cash fell 1.46 percent to $240.06, according to finanzen.net, BNB slipped 1.22 percent to $581.58, Sui lost 2.05 percent to $0.7403. Ethereum had fallen by 0.61 percent to $1,771.08 the previous day. Avalanche remained stable at $6.919.

Mixed signals on Monday morning

The portal added the usual risk warnings: "Die finanzen.net GmbH wird für die Vermarktung dieses Finanzprodukts von dritter Seite vergütet. Die Vergütung steigt mit dem Volumen der in das Finanzprodukt investierten Gelder."

Observers nevertheless view the development with caution. On-chain data showed, according to finanzen.net, that "sich XRP-Halter im Schnitt so tief in der Verlustzone befinden wie nie zuvor". The recovery of recent trading days is therefore significant, but does not change the underlying market structure.