2026-01-12 21:40:14

#密码资产动态追踪 The Federal Reserve is under intense pressure, and the market is reacting accordingly

The financial turbulence at the start of 2026 is escalating. The Trump administration's pressure on the Federal Reserve is no longer subtle hints but outright confrontation—ranging from questioning Chairman Powell to implying a change in leadership. This combination of tactics has broken the 74-year-old tradition of Fed independence. If history repeats itself, the rate cuts and interventions of Nixon's era triggered the stagflation of the 1970s. What about this time?

Market reactions are very direct. The Bloomberg US Dollar Index dropped 0.3%, the largest single-day decline in the past month. S&P 500 futures also fell sharply by 0.7%, and the 10-year US Treasury yield surged to 4.20%. More concerning is the steepening of the yield curve—long-term rates are rapidly surpassing short-term rates. What does this mean? Institutions like JPMorgan, Invesco, and Lombard Odier are reducing their dollar and US debt holdings, and European and Asian assets are being reevaluated.

The de-dollarization by global central banks has been underway for some time. The share of dollar reserves has fallen to a new low of 40%, which is a key signal. Meanwhile, gold prices have risen 65% in 2025, with Goldman Sachs and JPMorgan turning bullish and predicting gold will surge to $6,000 per ounce in 2026. Macro traders are also increasing their short positions on the dollar.

Of course, some hold a different view— the AI boom continues, US debt liquidity remains ample, and the dollar still presents buying opportunities. The debate between bulls and bears has become intense.

Ultimately, this is not just a policy issue but a gamble on institutional credibility and electoral politics. As dollar dominance loosens, will your funds shift into gold, move into non-US assets, or continue to hold dollar positions? Cryptocurrencies like $DOLO, $DUSK, and $ZEC are also being re-priced amid this asset reallocation.

DOLO-17,02%

DUSK-15,04%

ZEC0,67%

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RektButSmiling

· 01-12 22:09

The Fed has really been eaten alive this time, Trump directly threw a tantrum, and the independence that was said to be in 1974 is gone... Is stagflation really coming? Feeling a bit anxious. Gold has risen 65%. Why didn't I buy the dip? Is $6000 real? The bullish and bearish debates are heating up. Who dares to be certain? Anyway, I will just HODL coins and non-USD assets. Is history about to repeat itself? Could this be a new 70s? Dollar hegemony is loosening, but US debt liquidity is still sufficient... what should I allocate into? $DOLO $DUSK $ZEC might take off in the chaos. Thinking about adding to my position.

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MoonMathMagic

· 01-12 21:47

The Fed being put on the fire, to put it simply, is politics playing with finance, hilarious. Wait, a 65% increase in gold, is this really happening or just a joke? Feels like some assets are being handed over. Dollar dominance loosening? Should I still continue to buy the dip... feeling exhausted.

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GasFeeSobber

· 01-12 21:45

Nixon remake? Then this time we might directly see the dollar depreciation accelerate. Gold is really not a bluff this time.

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StablecoinAnxiety

· 01-12 21:44

Nixon reenactment? Can the Federal Reserve hold up this time? I'm really a bit anxious. --- Gold has risen 65% but still not satisfied, expecting 6000? Greed is never satisfied, like a snake swallowing an elephant. --- The loosening of dollar hegemony is real, but I still can't quite hold onto US bonds... Contradiction. --- Decoupling from the dollar sounds good, but when it comes to critical moments, isn't it still about capital flowing back? Don't be too optimistic. --- Can crypto turn things around in this rebalancing? It still seems to depend on the dollar's direction. --- I don't fully understand the curve steepening; can someone explain why long-term interest rates are higher than short-term? --- JPMorgan Chase has started reducing its dollar holdings; this signal should be taken seriously. No more turning a blind eye to positions. --- Basically, it's still a bet on whether the Federal Reserve can maintain its independence. If it loses, it's a total loss. --- How long can the AI boom last? It feels like the wind of change is coming.

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HashRateHermit

· 01-12 21:42

The Federal Reserve's independence is gone, and things are really getting serious... It seems I need to seriously consider allocating non-US assets.

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GamefiGreenie

· 01-12 21:41

The Fed's independence is gone, now it's really time to play big --- Nixon's approach again? Stagflation is uncomfortable for everyone --- Gold has risen 65%. Why didn't I catch up? Is it still possible to jump on now? --- Talking about de-dollarization, I just want to know when my coins will rise --- JPMorgan Chase is selling off US bonds, retail investors are still sleepwalking --- The US dollar reserves have dropped to 40%, this signal is really heartbreaking --- Gold at $6000? Forget it, let's see if it can reach $5800 by the end of the year --- Repricing in crypto is a good thing, better than continuing to fall --- Instead of worrying about where the dollar is headed, let's see which coins can turn around this round --- System credibility betting sounds very exciting

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