BlockBeats News, April 22nd, QCP released today's market observation, stating, "Gold continued its strong rally, breaking through the $3,500 per ounce level in overnight trading. This trend highlights a general trend of market withdrawal from US stocks, bonds, and the dollar, mainly due to heightened concerns about the independence of the Federal Reserve. With Trump's continued calls for interest rate cuts and speculation about his possible exploration of legal avenues to dismiss Fed Chairman Powell, market anxiety has further intensified.

Both digital assets and physical gold are showing an upward trend. The price of Bitcoin rose to its highest level since early April, driven by strong spot demand during the US trading session. Spot trading volume surpassed perpetual contracts, the premium on the Binance US trading platform hit a multi-month high, and Bitcoin spot ETF net inflows reached $381.3 million, indicating a renewed interest from institutional investors.

Bitcoin's resilience shown in overnight trading further supports its decoupling narrative from the traditional market. As funds shift to safe-haven and inflation-hedging assets, Bitcoin and gold are becoming the primary beneficiaries of capital exiting dollar-denominated risk assets. The Bitcoin options market currently shows a continued bullish bias across all maturities.

Meanwhile, stress is beginning to emerge in the US credit market. According to Bloomberg, investment-grade credit default insurance costs rose to a one-week high, highlighting investor unease. With the standoff between Trump and the Federal Reserve potentially escalating, the market may need to prepare for further volatility.

Currently, both gold and Bitcoin are showing resilience, shining brightly in a market seeking safety assets."