Bitcoin managed to rise to $ 63,000

The price of the leading cryptocurrency BTC $64,021.98 Bitcoin -2.52% Market capitalization $1.27 trillion VOL. 24 hours $1.43 billion has recently jumped to a local high of $ 62,782. Such a significant jump in value has sparked a discussion in the crypto community, and a trader known as 100eyes Crypto Scanner warns of bitcoin volatility in the near future.

It is noteworthy that this is the highest price level that bitcoin has reached since July 2, after falling to $ 53,550 per coin on July 5 due to the expected payments of the bankrupt crypto exchange Mt. Gox and the sale of the main cryptocurrency initiated by Germany.

In addition, the cryptocurrency community is actively discussing rumors about the possible lifting of the ban on bitcoin in China. Galaxy Digital CEO Mike Novogratz noted that this could be a «big event,» although he expressed doubts about the validity of these rumors.

Along with bitcoin, other cryptocurrencies are showing significant growth. Ethereum ETH $2,635.28 Bridged Ether (StarkGate) -0.71% Market capitalization $0.2 billion VOL. 24 hours $0.6 billion gained 4.6%, reaching an intraday high of $ 3,336. BNB $576.37 BNB -3.22% Market capitalization $84.09 billion VOL. 24 hours $0.17 billion and Solana SOL $156.62 Solana -0.02% Market capitalization $73.45 billion VOL. 24 hours $0.51 billion also showed growth of 2.7% and 4.5%, respectively. *ripple-linked ***4 XRP $0.63 XRP 0.96% Market capitalization $35.81 billion VOL. 24 hours $0.36 billion 5 ADA $0.38 Cardano -2.43% Market capitalization $13.7 billion VOL. 24 hours $27.68 million 6**** is down 0.2%.

However, meme cryptocurrencies remain the biggest laggardsvb among the major cryptos. Dogecoin TRX $0.16 TRON -0.32% Market capitalization $13.5 billion VOL. 24 hours $44.37 million is down 0.2% despite the recent jump in Bitcoin. Shiba Inu DOGE $0.02 Department Of Government Efficiency -4.53% Market capitalization $22.21 million VOL. 24 hours $0.12 billion also fell by 0.6%. In turn, Pepe (PEPE) fell by 1.5%, making it one of the worst performing tokens in the top 100 according to CoinGecko.