Bitcoin’s price action continues to be a focal point in the cryptocurrency market, with recent movements showing an upward trend. Notably, Ethereum (ETH) is also experiencing significant volatility as it bounces back above $2,000. Recent news highlights from AI executives before Congress and potential changes in chip regulations by former President Trump have contributed to this positive momentum. However, experts like Scott Melker remain cautious, highlighting potential risks for further declines. Meanwhile, China’s market developments, combined with the Federal Reserve’s reluctance to cut interest rates as much as expected, have fostered an environment of optimism.