Gelonghui, March 30 | The cryptocurrency market has shown signs of recovery. Bitcoin surged by over 3% during the session to reach $67,917 per unit, Ethereum rose more than 4% to $2,068 per unit, and Dogecoin gained nearly 4%. Several economic reports are expected to be released in the U.S. this week, along with a speech by Federal Reserve Chair Powell, which is anticipated to influence Bitcoin’s short-term price movements. Specifically, Powell will deliver remarks on Monday U.S. time, and the market expects to glean clues about whether the Fed will cut interest rates later this year. If Powell sends a dovish signal indicating that the labor market has sufficiently cooled, Bitcoin prices could see a rebound. Conversely, hawkish comments may boost the U.S. dollar and Treasury yields, thereby dampening investor appetite for risky assets like cryptocurrencies. Additionally, amid fears of instability in the Middle East, Goldman Sachs has increased its cryptocurrency holdings, while the supply of stablecoins has reached a record high of $316 billion, signaling significant liquidity waiting to enter the market.