BlockBeats News, April 22nd. Former President Trump criticized Federal Reserve Chair Powell as a "major loser" on Truth Social, demanding an immediate interest rate cut and even considering impeachment. Market concerns about the independence of the Federal Reserve led to a rapid drop in the Dollar Index (DXY), breaking below 98 to hit a nearly three-year low.
Amid rising risk aversion, spot gold surged over $100 to $3481.34 per ounce, hitting a historic high. Meanwhile, mainstream cryptocurrencies saw a inflow of funds.
Bitunix analysts suggested that if U.S. political pressure continues, it may undermine the legal framework of the Federal Reserve, prompting global funds to seek safe havens more rapidly. The key short-term resistance level for Bitcoin is at $88,000. Breaking through and holding above it would open up further upside potential. In the medium to long term, maintaining support at $70,000 is crucial. Additionally, keep an eye on CME interest rate expectations and trade trends to assess the future market direction.
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