The cryptocurrency market rebounded sharply overnight, with Bitcoin recovering from an 8% drop triggered by concerns over Japan's yield decisions. The initial sell-off led to significant liquidations across the market. However, a liquidity sweep by large investors reversed the trend, turning the market green. The rebound was further fueled by a major macroeconomic development: President Trump appointed Kevin Hassett as the new Federal Reserve Chair. This move increased expectations for potential rate cuts, boosting risk appetite among investors. As a result, capital flowed out of gold and into Bitcoin, reinforcing the cryptocurrency's bullish momentum. On-chain data suggests Bitcoin could target higher price levels if the current trend persists.