Bitcoin (BTC) has broken out of its recent consolidation range, trading at $61,809 on Friday, July 3.
The move represents a significant shift from the previous session, where the digital asset was holding steady near the psychological $60,000 support level.
By Sunday, the price had ticked up marginally to $60,334, suggesting the asset had found temporary footing in that range.
According to market data cited by Clarín, the price action indicates a surge in volatility, with the cryptocurrency posting a substantial gain relative to the prior day's close.
The breakout comes after a period of relative stability.
Earlier in the week, Bitcoin was trading at $60,364 on Thursday, showing little movement as it defended the $60,000 threshold.
By Sunday, the price had ticked up marginally to $60,334, suggesting the asset had found temporary footing in that range.