Deep Tide TechFlow News, January 15 — According to Cointelegraph, the crypto market experienced the largest short squeeze since the “1011 crash” this Wednesday, with investor sentiment shifting from fear to greed. Crypto data analysis platform Nansen researcher Nicolai Sondergaard stated that increasing uncertainty about the Federal Reserve’s independence and geopolitical concerns are structural bullish factors for Bitcoin. Although precious metals remain the main beneficiaries of the current market environment, Bitcoin is increasingly becoming part of the discussion as an alternative store of value, and a criminal investigation into Federal Reserve Chair Jerome Powell could bring “risk premium” to BTC. Market data shows that Bitcoin’s price has risen 10.6% since the beginning of the year, while the US dollar index (DXY) has increased by 0.75% during the same period.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Analysis: Cryptocurrency market sentiment reverses, and surveys around Federal Reserve Chair Powell may inject "risk premium" into Bitcoin
Deep Tide TechFlow News, January 15 — According to Cointelegraph, the crypto market experienced the largest short squeeze since the “1011 crash” this Wednesday, with investor sentiment shifting from fear to greed. Crypto data analysis platform Nansen researcher Nicolai Sondergaard stated that increasing uncertainty about the Federal Reserve’s independence and geopolitical concerns are structural bullish factors for Bitcoin. Although precious metals remain the main beneficiaries of the current market environment, Bitcoin is increasingly becoming part of the discussion as an alternative store of value, and a criminal investigation into Federal Reserve Chair Jerome Powell could bring “risk premium” to BTC. Market data shows that Bitcoin’s price has risen 10.6% since the beginning of the year, while the US dollar index (DXY) has increased by 0.75% during the same period.