Odaily Planet Daily News: The crypto market has experienced its largest short squeeze since the "1011 crash" this week, with investor sentiment shifting from fear to greed. Nicolai Sondergaard, a research analyst at crypto data analysis platform Nansen, stated that uncertainty regarding the Federal Reserve's independence and rising geopolitical concerns are structural positives for Bitcoin. Although precious metals remain the primary beneficiaries in the current market environment, Bitcoin is increasingly becoming part of the discussion as an alternative reserve asset. Additionally, the criminal investigation into Federal Reserve Chair Jerome Powell could bring a "risk premium" to BTC. Market data shows that Bitcoin's price has risen 10.6% year-to-date, while the U.S. Dollar Index (DXY) has increased by 0.75% during the same period. (Cointelegraph)
Bitcoin Gains 'Risk Premium' as Market Sentiment Shifts Amid Powell Investigation
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Summary
Bitcoin gains a "risk premium" as market sentiment turns bullish amid a Federal Reserve investigation. Investor sentiment has shifted from fear to greed, with the crypto market experiencing its largest short squeeze since the "1011 crash." Nansen's Nicolai Sondergaard highlights Federal Reserve uncertainty and geopolitical risks as structural positives for BTC. Bitcoin has risen 10.6% year-to-date, outperforming the 0.75% gain in the U.S. Dollar Index.
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