Odaily Planet Daily News: The crypto market experienced the largest short squeeze since the “1011 crash” this week, with investor sentiment shifting from fear to greed. Data analysis platform Nansen researcher Nicolai Sondergaard stated that increasing uncertainty about the Federal Reserve's independence and rising 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 discussions about alternative reserve assets, 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. (Cointelegraph)
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