PANews reported on April 22 that QCP Capital, a crypto investment institution in Singapore, said that gold broke through the key level of $3,500 per ounce overnight as investors worried about the independence of the Federal Reserve and withdrew from U.S. stocks, Treasury bonds and the U.S. dollar. Trump's call for rate cuts and rumors of the possible removal of the Federal Reserve chairman have exacerbated market anxiety. Both gold and Bitcoin performed strongly. Bitcoin rose to its highest level since early April during the U.S. trading session due to spot demand. Spot trading volume exceeded perpetual contracts. Coinbase premium and Bitcoin spot ETF fund inflows showed that institutional interest has rebounded. Bitcoin was stable overnight, reinforcing its view of decoupling from other assets, and together with gold, it became a beneficiary of the outflow of U.S. dollar risk assets. The Bitcoin options market is bullish. The U.S. credit market is under pressure, and the cost of senior credit default insurance has risen to a one-week high, increasing investor concerns. Tensions between Trump and the Federal Reserve may escalate, and the market needs to prepare for volatility. Gold and Bitcoin are strong, showing their appeal under the demand for safe havens.