BlockBeats News, April 23rd, QCP Capital released its daily market analysis stating that Cantor, SoftBank, Tether, and Bitfinex have jointly launched a bold Bitcoin acquisition fund named 21 Capital (tentative name). This move comes at a time when there has been a decisive change in the U.S. policy stance, with the Trump administration leaning towards supporting the "digital gold" narrative, providing a boost to the cryptocurrency market.

Bitcoin has successfully surpassed the $90,000 psychological barrier. Meanwhile, gold has dropped by 6%, highlighting investors' renewed interest in risk assets and a clear shift of funds towards digital assets.

Institutional investors are no longer just testing the waters of cryptocurrency but are fully committed. As traditional strategies gradually fade out, 21 Capital is poised to become a new benchmark for cryptocurrency conviction.

Macro risks still exist, but a key uncertainty seems to have been resolved. Trump has stated that there are currently no plans to replace Fed Chairman Powell, helping the U.S. long-term bond yields to slightly retreat, reducing a significant tail risk.

While the bond market is stabilizing, the U.S. stock market remains at record highs, reflecting a more moderate and cautious market response. However, the overall outlook is far from simple. Trade friction, geopolitical tensions, and regulatory uncertainty still cast a shadow over the market.

Investors navigate in a rapidly changing environment, staying highly sensitive to the next possible inflection point.