#Solana行情走势解读 $SUI $DOGE $PEPE

【2026 Global Capital Shift: The Decline of U.S. Attractiveness and the Reshaping of Markets】
This recent market movement truly showcases new strategies.
On the surface, it’s about the major news of the Federal Reserve Chair being investigated, but the underlying logic is even more aggressive—a life-and-death game over dollar credibility is unfolding. When the White House begins to pressure the central bank through judicial means, and the Fed’s independence starts to erode, the entire global financial system must readjust its stance.
Let’s first look at the most direct market reactions:
Gold surged past $4,600, hitting a new all-time high. The US dollar index dropped from over 100 to 98, marking the largest weekly decline in nearly seven years. US stock index futures weakened across the board, with Nasdaq futures falling below 1%. Japan was even more aggressive, selling off $20 billion worth of US bonds in just one week.
This is no coincidence.
When a country begins to forcibly intervene in the central bank’s decisions, push for unexpected rate cuts, bypass traditional financing channels to implement "mortgage QE," and even directly lower credit card interest rates, what does it signal? The independence of the central bank is being pressed to the ground and rubbed. The most famous historical example is during Nixon’s era, where such intervention led directly to a decade of stagflation, and the entire 1970s never recovered.
Major institutions are also losing patience. BlackRock has started reducing holdings of US Treasuries; Lagarde openly states that the "American exceptionalism" is dead; JPMorgan’s report bluntly says—there’s still room for the dollar and US bonds to fall.
The core issue is this: US economic data is actually weakening. Manufacturing and non-farm employment are both declining. If you then forcibly cut rates at this point, it’s like giving a feverish patient more steroids—short-term excitement, long-term danger. Global investors have seen through this.
The European Central Bank even issued a direct warning: the White House is actively dismantling the foundation of dollar hegemony. Think about it—if even an independent institution like the Fed can’t be protected, why should investors still trust dollar assets?
So what phenomena are you seeing now? Global capital is frantically fleeing US assets. Gold has become the preferred safe haven, and the plummeting dollar is being heavily sold off. This isn’t abnormal—it’s rational re-pricing.
The implications for the crypto market are clear:
When traditional safe-haven assets (US bonds, USD) lose their appeal, investors seek alternatives. Gold reaching a new high is supported by inflation expectations and safe-haven demand. Mainstream cryptocurrencies like $BTC and $ETH are logically benefiting from dollar depreciation and a loose liquidity cycle.
But be cautious: if this game continues to escalate, risk assets might come under pressure. If the Fed is ultimately forced to yield and cut rates significantly, it’s a liquidity release, which is positive for the crypto space. If the market fears the US falling into stagflation, risk assets (including cryptocurrencies) could be sold off en masse, with gold gaining the most.
Three questions worth pondering:
1. Can Trump truly control the Fed? Historically, political interference in central banks has rarely ended well.
2. Is the US dollar hegemony really coming to an end? The reserve currency status won’t disappear overnight, but its credibility is definitely being eroded.
3. How far can gold go? $4,600 is just the beginning, or has it already overextended the gains for the next two years?
The biggest challenge now is timing. Betting on the dollar? Too risky. Going all-in on gold? Don’t be too greedy. The smartest approach might be: diversify assets, hold gold and precious metals, while maintaining exposure to mainstream cryptocurrencies, spreading risk while waiting for clearer signals.
The essence of this market movement is the global capital’s process of rediscovering safe assets. Whoever adapts to this new pattern first will have the opportunity.