Bitcoin has rebounded to over $69,000 after briefly touching $70,000 on Friday, following a dip to nearly $60,000 earlier in the week. The recovery comes as altcoins continue to face significant declines. Privacy coin Monero fell nearly 31% over the past week, while World Liberty Financial, backed by President Trump, lost over 31% of its value. Privacy coins, once favored by speculators, have seen a downturn with Dash dropping 19% and Zcash down 22% over the past week. Other altcoins like Solana and Ethereum also suffered, with Solana down more than 24% and Ethereum nearly 22% over the same period. The market turmoil follows the liquidation of leveraged bets and concerns over the Federal Reserve chair nomination of Kevin Warsh, known for his inflation hawkishness.