On April 22, due to Trump's criticism of Federal Reserve Chairman Powell as a "major loser" on Truth Social and demanding immediate interest rate cuts and even considering dismissal, market concerns about the Fed's independence caused the US Dollar Index (DXY) to quickly fall below 98, hitting a new three-year low.
Under heightened risk-averse sentiment, spot gold surged over $100 to $3,481.34 per ounce, reaching a historic high; mainstream cryptocurrencies also saw capital inflows.
Bitunix analysts suggest that if US political pressure continues, it may undermine the Fed's legal framework and trigger global funds to accelerate their search for safe havens. Bitcoin's short-term key resistance is at $88,000, and if it breaks through and stabilizes, it will open up further upward potential. In the medium to long term, it needs to maintain support at $70,000 and pay attention to CME interest rate expectations and trade trends to assess future market movements.
