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Weekly Cryptocurrency Market Report | Geopolitical Tensions Rise, Federal Reserve Chair Under Investigation, Gold Hits Record High
Market Trends Summary:
The macroeconomic situation is tense. Escalating conflicts between Iran and regional tensions, coupled with news of the Federal Reserve Chair being under criminal investigation, have led to a large influx of safe-haven funds, pushing gold prices to a historic high. In this risk environment, demand for hedging assets has clearly increased.
Policy Outlook Sees a Turnaround. The US Senate is about to review a major cryptocurrency bill, with industry experts generally optimistic about compliance and application implementation prospects. Meanwhile, the X platform continues to advance its payment features, bringing it closer to a complete financial ecosystem.
Privacy Coins Perform Remarkably. Privacy tokens like XMR have reached new highs amid declining risk appetite, reflecting the market’s increasing emphasis on asset privacy.