Last night in the cryptocurrency world was like a thrilling capital drama, with Bitcoin's price soaring past the $94,000 mark like a rocket, reaching a high of $95,758. This surge caused 160,000 investors worldwide to be liquidated across trading platforms. Behind this frenzy of wealth and destruction, who is really in control? Where will the price of cryptocurrencies head in the future?
1. Political statements ignite the market; the duet hides intrigue.
The catalyst for this surge came from the 'duet performance' of Trump and Yellen. Trump publicly stated that although he was disappointed with Fed Chair Powell for not lowering interest rates in a timely manner, he had no intention of firing him, instantly stabilizing market confidence. Meanwhile, Trump dropped a bombshell: the U.S. will significantly reduce tariffs on China, and although they will not be eliminated, it will leave China 'very satisfied.'
At almost the same time, U.S. Treasury Secretary Yellen hinted in a closed-door meeting at JPMorgan that the current 140% high tariffs are unsustainable and suggested adjustments would be made soon. This coordination behind the scenes is remarkable—first, Yellen tested the market's reaction in a closed-door meeting, followed by Trump's public declaration, ensuring the market fully absorbs and digests this positive information. Such a precise coordination makes it hard not to suspect this is a carefully designed 'stabilization operation.'
2. Fund influx surges, Bitcoin ETF hits historical highs.
Under the joint calls of two political giants, market sentiment was completely ignited. U.S. stocks and Chinese concept stocks soared collectively, with Bitcoin leading the charge, driving a major rebound in the entire cryptocurrency market. Data shows that Bitcoin spot ETF saw a net inflow of $900 million in a single day, reaching a historic high since Trump's inauguration. In stark contrast, the gold market faced massive sell-offs, with safe-haven funds accelerating their flow into the Bitcoin market.
3. Countdown to strategic reserve plan; market expectations continue to rise.
Apart from political factors, another important driver for Bitcoin's rise is the impending U.S. strategic reserve Bitcoin plan. In early March this year, Trump signed an executive order demanding the establishment of a national Bitcoin strategic reserve, including Bitcoin, Ethereum, and four other cryptocurrencies in the list. According to the executive order, the Treasury Secretary must submit a feasibility assessment report within 60 days, with less than two weeks remaining until the deadline. The market generally expects that the U.S. government may disclose more details soon, undoubtedly providing a new catalyst for Bitcoin's rise.
4. Risk warning: the deadly trap for those chasing prices.
However, behind this celebration, risks are quietly accumulating. The market's questioning of the Federal Reserve's independence has temporarily boosted Bitcoin's premium, but it also foreshadows greater uncertainty. For those investors who blindly chased prices without establishing a solid foundation, a shift in market sentiment could lead to disastrous outcomes.
In this market full of temptations and risks, maintaining rationality is more important than chasing short-term gains. The future trend of Bitcoin is full of uncertainties, with May and June potentially becoming critical observation periods. I remind all investors: do not blindly follow the trend without a solid risk control strategy. After all, those who truly understand the market will always be the last ones laughing.#加密市场反弹 ##加密货币总市值重回3万亿