Bitunix Analyst: Dollar Hits Three-Year Low, Safe Haven Sentiment Rises, BTC Could Rise to $90,000 if It Breaks $86,000
On April 19th: This week, the US Dollar Index experienced its fourth consecutive week of decline, hitting a three-year low of 99.4, with a year-to-date decline of more than 8%. The weak dollar, coupled with inflation and trade policy uncertainties, has triggered market safe-haven demand, with funds rapidly flowing into gold and non-dollar currencies. Gold surged by 2.76% this week, reaching a historical high of $3,357.68 per ounce. US stocks also came under pressure, with the weekly declines of the Dow and Nasdaq exceeding 2.6%. The Federal Reserve's statement of "no market rescue" further intensified market anxiety. Under the dual pressures of the dollar and the stock market, the potential of cryptocurrency as an alternative safe haven asset has once again come into focus.
Bitunix analysts suggest that if gold continues to strengthen and the US Dollar Index remains weak, mainstream cryptocurrencies may attract an influx of funds. The key short-term range for BTC is between $83,000 as
5 minutes ago
The White House to Form Task Force to Urgently Address Tariff Hike Crisis with China
April 19th. According to local time on April 18th, the Columbia Broadcasting System in the United States reported that several sources disclosed that due to the skyrocketing tariffs imposed by the Trump administration on Chinese goods, a supply chain crisis is on the verge of happening. The Trump administration has begun to discuss internally the formation of a task force to urgently address these issues in case a breakthrough is not achieved through negotiations with the Chinese government. Sources indicate that the specific details regarding the establishment of this task force have not been finalized yet, but the task force may consist of Vice President Pence, Treasury Secretary Benson, Commerce Secretary Lutnick, White House National Economic Council Director Kevin Haslett, White House Economic Advisors Council Chairman Stephen Milne, and U.S. Trade Representative Jamison Gril. (CCTV News)
5 minutes ago
Du Jun: ABCDE has ceased new project investments and suspended the fundraising plan for Fund II. The original team will continue to be responsible for post-investment support for existing projects.
On April 19th, Du Jun, a co-founder of ABCDE, announced on social media that ABCDE has officially ceased new project investments and suspended the fundraising plan for Fund II. The original team will continue to be responsible for post-investment support and exit arrangements for existing projects, ensuring that commitments to entrepreneurs and Limited Partners (LPs) are earnestly fulfilled. His personal focus will also shift from primary market financial investment to a direction dominated by strategic investment, combined with in-depth incubation, paying more attention to industrial synergy and long-term value creation.
Du Jun further stated that he has launched a new incubator brand, Vernal, and will announce the incubator's shareholders, incubation rules, and the first batch of incubated projects in May. In May, the first batch buy-in list will also be released, specifying the amount purchased and the reasons for the purchase.
5 minutes ago
Musk Unfollows Treasury Secretary Yellen on X
On April 19th, Musk unfollowed U.S. Treasury Secretary Scott Bessent on X earlier in the day.
Previously, BlockBeats reported that Musk had also publicly criticized White House trade advisor Peter Navarro on X. He directly appealed to Trump himself to repeal the new tariffs, but without success. According to POLITICO, Trump had hinted to his inner circle that Musk would soon resign from the Department of Government Efficiency (D.O.G.E.). Although Musk denied this news, Musk's wealth has shrunk by $134.7 billion so far this year.
5 minutes ago
Key Transaction Data: MOVE Index Continues to Decline to 114
On April 19th, based on market information, the MOVE Index has been continuously declining since this Monday and has now dropped to 114.64, which is far from the 140-point threshold proposed by Arthur Hayes for the Fed's liquidity injection.
Before this news, Arthur Hayes stated that if the MOVE Index falls below 140, the Fed may resume liquidity injection.
5 minutes ago
App Store
Profile
Security
Sign Out
Feeds
Articles
Source
Add to Favorites
Download image
Share x
Copy link
