Bitcoin, Ethereum, XRP, Dogecoin Bounce Back As Bulls Take Control Again?

Cryptocurrency markets are experiencing a rebound, with Bitcoin, Ethereum, XRP, and Dogecoin gaining traction. This uptick follows President Trump's dismissal of rumors regarding the potential removal of Federal Reserve Chair Jerome Powell. Notable statistics indicate a 5.8% increase in large transaction volume, while daily active addresses have decreased by 8%. Despite a significant number of liquidations, traders are optimistic about Bitcoin's potential to break above $120,000, signaling a bullish trend. Analysts suggest that Bitcoin's growing market cap may lead to more stable price dynamics, while altcoins could still see rallies alongside Bitcoin.